What are the ratios that can be used to assess a company's liquidity? Calculate these ratios. What these ratios can tell you about the liquidity of Windswept incorporation, assuming that all the ratios are above the industry average.

What are inventory turnover and account receivables turnover for 2021?

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Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Windswept, Incorporated 2021 Income Statement ($ in millions) Total Net fixed assets Total assets 2020 $ 220 980 1,780 1,680 $2,980 $2,810 3,390 3,940 $ 6,370 $6,750 $9,460 7,710 460 $ 1,290 102 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2021 $ 250 880 $1,188 249 $ 939 Accounts payable Long-term debt Common stock * Retained earnings Total liabilities & equity 2020 $1,330 1,090 3,320 630 2021 $1,360 1,290 3,220 880 $6,370 $6,750 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Windswept, Incorporated 2021 Income Statement ($ in millions) Total Net fixed assets Total assets 2020 $ 220 980 1,780 1,680 $2,980 $2,810 3,390 3,940 $ 6,370 $6,750 $9,460 7,710 460 $ 1,290 102 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2021 $ 250 880 $1,188 249 $ 939 Accounts payable Long-term debt Common stock * Retained earnings Total liabilities & equity 2020 $1,330 1,090 3,320 630 2021 $1,360 1,290 3,220 880 $6,370 $6,750

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Liquidity ratios are used to evaluate a companys ability to pay its shortterm obligations Some of the commonly used liquidity ratios include current r... View the full answer