Question: Please help me with this, thank you! Operating Asset Management Analysis Partial comparative balance sheet and income statement information for Posad Company is as follows:
Please help me with this, thank you!
Operating Asset Management Analysis
Partial comparative balance sheet and income statement information for Posad Company is as follows:
| 2014 | 2013 | |
| Cash | $ 13,600 | $ 10,400 |
| Marketable securities | 7,200 | 17,200 |
| Accounts receivable (net) | 44,800 | 35,600 |
| Inventory | 54,400 | 49,600 |
| Total current assets | $120,000 | $112,800 |
| Accounts payable | $ 40,000 | $ 28,200 |
| Net sales | $322,560 | $220,720 |
| Cost of goods sold | 217,600 | 203,360 |
| Gross margin | $104,960 | $ 17,360 |
In 2012, the year-end balances for Accounts Receivable and Inventory were $32,400 and $51,200, respectively. Accounts Payable was $30,600 in 2012 and is the only current liability.
Compute the current ratio, quick ratio, receivables turnover, days' sales uncollected, inventory turnover, days' inventory on hand, payables turnover, days' payable for each year, and financing period. Assume 365 days in a year. Round your answers to one decimal place
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