Question
= 12. Please calculate Gross Margin and Acid (Quick) ratios, based on the following facts: Ending Current Liabilities $700,000; Cost of Goods Sold $395,000;
= 12. Please calculate "Gross Margin" and "Acid (Quick)" ratios, based on the following facts: Ending Current Liabilities $700,000; Cost of Goods Sold $395,000; Ending Cash $100,000; Ending Cash Equivalents + S.T. Investments $160,000; Ending Net Current Accounts Receivable $250,000; and Net Sales = = $980,000. facts: Ending Current
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
