Question: SHOW ME HOW SHOW ME HOW BE 14-2 Vertical analysis Obj. 2 Income statement information for Einsworth Corporation follows: Sales $1,500,000 Cost of goods sold
SHOW ME HOW SHOW ME HOW BE 14-2 Vertical analysis Obj. 2 Income statement information for Einsworth Corporation follows: Sales $1,500,000 Cost of goods sold 900,000 Gross profit 600,000 Prepare a vertical analysis of the income statement for Einsworth Corporation. BE 14-3 Current position analysis Obj. 3 The following items are reported on a company's balance sheet: Cash $225,000 Marketable securities 115,000 Accounts receivable (net) 112,000 Inventory 158,000 Accounts payable 244,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. BE 144 Accounts receivable analysis Obj. 3 A company reports the following: Sales $4,560,000 Average accounts receivable (net) 380,000 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round to one decimal place. SHOW ME HOW
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