Question: Current Attempt in Progress Selected financial data for Golden Ltd. are shown below. Accounts receivable (gross) Inventory Total current assets Total current liabilities Net credit
Current Attempt in Progress Selected financial data for Golden Ltd. are shown below. Accounts receivable (gross) Inventory Total current assets Total current liabilities Net credit sales Cost of goods sold 2018 $835,000 1,001,000 2,070,000 1,015,000 6,477,000 4,606,000 2017 $748,000 998,000 1,976,000 1,101.000 6,263,000 4,576,000 2016 $650,000 856,000 1,701,000 1,230,000 5,497,000 3,986,000 (a) Calculate current ratio, receivables turnover ratio and inventory turnover ratio for 2018 and 2017. (Round answers to 1 decimal place, e.g. 15.2.)
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