The following income statement and balance sheets for The Athletic Attic are provided. Required: Assuming that all
Question:
The following income statement and balance sheets for The Athletic Attic are provided.
Required:
Assuming that all sales were on account, calculate the following risk ratios for 2024:
1. Receivables turnover ratio.
2. Average collection period.
3. Inventory turnover ratio.
4. Average days in inventory.
5. Current ratio.
6. Acid-test ratio.
7. Debt to equity ratio.
8. Times interest earned ratio.
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