Southern Inc. operates department stores in numerous states. Selected financial statement data (in millions) for 2009 are
Question:
For the year, net credit sales were $8,828 million, cost of goods sold was $5,526 million, and cash from operations was $161 million.
Compute the following.
Current ratio
Current cash debt coverage
Receivables turnover
Average collection period
Inventory turnover
Days ininventory
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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