Use the information about GES Inc. provided above to answer questions (a) and (b). Calculate the firm's
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Question:
Use the information about GES Inc. provided above to answer questions (a) and (b). Calculate the firm's current ratio for FY 2070.
b. Calculate the current ratio for FY 2071 and provide the main reason for the change in the ratio from FY 2070 to FY 2071. Answer (show the steps/calculation toward your results):
c. Calculate the turnover ratios, respectively, for accounts receivable, inventories, and accounts payable for FY 2071. *Use average balance for B/S items
d. alculate the days accounts receivable, days inventory turnover, and days accounts payable.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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