Question: Selected financial statement data for Kingbird Company are presented below. During 2020, net sales were $987,700, and cost of goods sold was $835,175. (a) Compute

Selected financial statement data for Kingbird Company are presented below. During

Selected financial statement data for Kingbird Company are presented below. During 2020, net sales were $987,700, and cost of goods sold was $835,175. (a) Compute the current ratio at December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Current ratio :1 eTextbook and Media Attempts: unlimited (b) Compute the acid-test ratio at December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Acid-test ratio :1 eTextbook and Media Attempts: unlimited (c) Compute the accounts receivable turnover at December 31, 2020. (Round answer to 0 decimal places, e.g. 15.) Accounts receivable turnover times eTextbook and Media Attempts: unlimited (d). Compute the inventory turnover at December 31, 2020. (Round answer to 0 decimal places, e.g. 15.) Inventory turnover times

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