Question: Use the following data to calculate the requested ratios: * Prior- period inventory was 170. a. Current ratio b. Days accounts receivable c. Inventory turnover
Use the following data to calculate the requested ratios:
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* Prior- period inventory was 170.
a. Current ratio
b. Days accounts receivable
c. Inventory turnover
d. Days accounts payable outstanding
e. Debt to equity
f. Times interest earned
g. ROE
h. Total asset turnover (asset utilization)
Assets Liabilities and Equity Income Statement 400 Net sales 80 Accounts payable Accounts receivable 700 Accrued expenses Cash 9,125 6,100 500 Notes payable-bank 40 Operating expenses 2,550 101 80 COGS Inventory Current assets Fixed assets 1,280 CM LTD 50 Interest expense 980 Other income 550 Other expenses 970 axes 1220 Current liabilities LTD 48 112 216 Total assets 2,500 Equity Total liabilities and 2,500 Net income
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Ratios aCurrent ratio 1280980 131X bDays accounts receivable 700 9125365 28 days cIn... View full answer
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