Question: Question 6 (6 marks). 2 marks for each correct ratio calculated The following information is available for International Ltd. 2020 Cash $44,000 Short-term investments 12,000

 Question 6 (6 marks). 2 marks for each correct ratio calculated

Question 6 (6 marks). 2 marks for each correct ratio calculated The following information is available for International Ltd. 2020 Cash $44,000 Short-term investments 12,000 Accounts receivable (net) 28,000 Inventory 25,000 Prepaid expenses 6,500 Accounts payable 67,000 Salaries payable 15,000 Income taxes payable 3,500 Bonds payable (due 2022) 100,000 Sales 230,000 Cost of goods sold 212,000 Required For 2020, compute the current ratio, acid-test ratio and the days' sales in average receivables. Net accounts receivable on December 31, 2020 was $33,000. 7

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