Question: PLEASE just put answer i dont understand it at all so an explanation will NOT help, just lines with answers please The financial Information below

 PLEASE just put answer i dont understand it at all so PLEASE just put answer i dont understand it at all so an explanation will NOT help, just lines with answers please

The financial Information below presents selected Information from the financial statements of Pelican Company. Sales revenue during the current year was $13,320,300 and cost of goods sold was $8,914,695. All of Pelican's sales are made on account and are due within 30 days. Cash and cash equivalents Accounts receivable Inventory Total current assets Total assets Total current liabilities Total liabilities Prior Year $ 571,330 4,740,000 939, 360 8,225,030 11,119,020 7,865,300 8,468,900 Current Year $ 637,780 3,819,000 1,280,440 8, 195, 100 10,999,000 6,241,000 8,278,700 Required: a. Current ratlos as of the end of the current and prior year. b. Calculate the recelvables turnover ratio for the current year. c. Calculate the days to collect for the current year. d. Calculate the Inventory turnover ratio for the current year. e. Calculate the days to sell for the current year. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Current ratios as of the end of the current and prior year. (Round your answers to 2 decimal places.) Current Year Prior Year Current Ratio Required A Required B Required c Required D Required E Calculate the receivables turnover ratio for the current year. (Round your answer to 2 decimal places.) Receivables Turnover Ratio Required A Required B Required c Required D Required E Calculate the days to collect for the current year. (Round your intermediate calculations. Round your final answer to 2 decimal places.) Days to Collect Required A Required B Required c Required D Required E Calculate the inventory turnover ratio for the current year. (Round your answer to 2 decimal places.) Inventory Turnover Ratio Required A Required B Required c Required D Required E Calculate the days to sell for the current year. (Round your intermediate calculations. Round your final answer to 2 decimal places.) Days to Sell

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!