22. Calculate each financial ratio using the information provided. a. current ratio: current assets $865,921, current liabilities

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22. Calculate each financial ratio using the information provided.

a. current ratio: current assets $865,921, current liabilities $441,020

b. quick ratio: current assets $428,200, current liabilities $301,905, inventory $25,025

c. accounts receivable turnover: total credit sales $986,550, accounts receivable $96,010

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Business Finance

ISBN: 9780357532348

1st Edition

Authors: Les Dlabay, James L. Burrow

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