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; Ending
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.
13.Please calculate "Cash Ratio", based on the following facts:Ending Current Liabilities = $719,000; Ending Cash = $100,000; and Ending Cash Equivalents = $85,000.
18.Please calculate "Accounts Receivable Turnover Ratio (ARTO)", and "Days' Sales in Receivables Ratio" based on the following facts: Gross Sales = $980,000; Beginning Accounts Receivables = $275,000; Total Cash Sales = $40,000; Ending Accounts Receivables = $475,000; Sales Returns and Allowances & Sales Discounts = $69,000.
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Accounting Information Systems
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull
9th Edition
0538469315, 9780538469319
