Vision Electronics, which makes DVD players, reported the following items at February 28, 2017 (amounts in thousands, with last year's-2016-amounts also given as needed):

Compute for 2017 Vision Electronics'
(a) Acid-test ratio,
(b) Days' sales in average receivables,
(c) Current ratio,
(d) Debt ratio,
(e) Gross margin percent,
(f) Inventory turnover. Evaluate each ratio value as strong or weak.
Assume Vision Electronics sells on terms 0f net 30.

Transcribed Image Text:

Accounts Payabl.. $1,796A Cah) Inventories Accounts Receivable, net February 28, 2017.440 February 29, 2016 1300 a28, 201 380 Cost of Goods Sold. Cvet fnisk February 29,2016.. 320 Short-term in 7,720 Other current assets. Net sales revenue 180 Long-term assets. 820 Other current liabilities Long-term liabilities..20