These summarized data are from the records of Greenhalgh Enterprises at the end of the fiscal year:
Question:
These summarized data are from the records of Greenhalgh Enterprises at the end of the fiscal year:
Calculate the following:
A. Activity ratios
B. Liquidity ratios, assuming the weighted average shares outstanding are 1,540,900.
Transcribed Image Text:
2010 2009 $205,140 Cash Temporary investments Accounts receivable Inventory All other assets Accounts payable Other current liabiities from operations Current bank loans payable Long-term liabilities Sales Cost of goods sold Operating expenses Tax expense Cash flows from operations $ 213,860 520,370 2,589,950 3,684,970 2,494,730 1,142,630 517,320 1,073,880 2,000,000 23,804,700 20,543,450 2,323,870 281,088 925,871 2,925,540 3,480,210 4219,750 1,054,950 658,160 1,580,000 2,000,000 22,838,400 18,910,190 2,986,995 282,365 976,543
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a Activity Ratios Accounts receivable turnover 23804700 2925540 25899502 86319 Inventory t...View the full answer
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Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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