The comparative financial statements of Tec Solutions Inc. are as follows. The market price of Tec Solutions
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Question:
The comparative financial statements of Tec Solutions Inc. are as follows. The market price of Tec Solutions Inc. common stock was $89.75 on December 31, 20Y8.
Instructions:
Determine the following measures for 20Y8.
Round ratio values to one decimal place and dollar amounts to the nearest cent. For number of days' sales in receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year.
a. Working capital........$
b. Current ratio
c. Quick ratio
d. Accounts receivable turnover
e. Number of days' sales in receivables days
Related Book For
Financial Statement Analysis
ISBN: 978-0078110962
11th edition
Authors: K. R. Subramanyam, John Wild
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