Question: Please give me answers for thesequestion a - d Based on the following information: cash 10,000, Acount receivable 30,000, inventory 80,000, prepaid insuarence 6,000, loang
Please give me answers for thesequestion a - d
Based on the following information: cash 10,000, Acount receivable 30,000, inventory 80,000, prepaid insuarence 6,000, loang term assets 200,000, Accounts payble 30,000, Note payable due in 10 months 25,000, wages payable 5,000, long term liabilities 70,000, stockholders equity 196,000 For its most recent year a company had Sales (all on credit) of $83,000 and Cost of Goods Sold of $52,500. At the beginning of the year, its Accounts Receivable were $8,000 and its Inventory was $10,000. At the end of the year, its Accounts Receivable were $30,000 and its Inventory was $80,000 (above). Calculate the following ratios:
a. Company working capital
b. Current ratio
c. Quick ratio
d. Inventory turnover
e. Receivable turnover
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