End of Year Beginning of Year Cash and cash equivalents $800 $79 Accounts receivable (net) 2,040...
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End of Year Beginning of Year Cash and cash equivalents $800 $79 Accounts receivable (net) 2,040 1,850 Inventory 830 870 Other current assets 160 321 Total current assets $3,830 $3,120 Total current liabilities $2,060 $1,600 For the year, net credit sales were $8.258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1.251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round current ratio to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) Current ration 1.86 1 Accounts receivable turnover 42 times Average collection period: 869 days Inventory turnover 6.3 times Days in inventory 57.9 days SUPP End of Year Beginning of Year Cash and cash equivalents $800 $79 Accounts receivable (net) 2,040 1,850 Inventory 830 870 Other current assets 160 321 Total current assets $3,830 $3,120 Total current liabilities $2,060 $1,600 For the year, net credit sales were $8.258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1.251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round current ratio to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) Current ration 1.86 1 Accounts receivable turnover 42 times Average collection period: 869 days Inventory turnover 6.3 times Days in inventory 57.9 days SUPP
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