Walton Corporation had the following comparative current assets and current liabilities:

During 2017, net credit sales and cost of goods sold were $475,000 and $250,000, respectively. Net cash provided by operating activities for 2017 was $120,000.
Instructions
Compute the following liquidity measures for 2017:
1. Current ratio
2. Current cash debt coverage ratio
3. Receivables turnover
4. Inventory turnover

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Dec. 31, 2017 Dec. 31, 20 Current assets $ 25.000 S 30,000 Cash Marketable securities 40,000 10,000 Accounts receivable 60,000 95,000 Inventory 110,000 90,000 Prepaid expenses 35,000 20,000 Total current assets $270.000 $245.000 Current liabilities Accounts payable $120,000 $110,000 Salaries payable 40,000 30,000 Income tax payable 10,000 15,000 $170.000 $155.000 Total current liabilities