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18.Based on the Balance Sheet and Sales Information below, calculate the following KPls Current Ratio, Quick Ratio, Days Sales Outstanding Ratio, Days Payable Outstanding Ratio

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18.Based on the Balance Sheet and Sales Information below, calculate the following KPls Current Ratio, Quick Ratio, Days Sales Outstanding Ratio, Days Payable Outstanding Ratio and Debt-to-Equity Ratio. (10 points) Monthly Sales $150,000 COGS-30% Balance Sheet (Summary) (000s) ASSETS Current Assets Cash Accounts Receivable Prepaid Expenses Inventory LIABILITIES Current Liabilites Notes Payable $500 500 250 1,250 $ 500 Accounts Payable 500 250Other Current Liabilities 500 1,750 Fixed Assets Buildings Equipment Furniture Non-Current Liabilities Long-Term Debt 1,000 750 500 2,250 1,250 TOTAL LIABILITIES 2,500 Investments 1,000EQUITY (NET WORTH) 2,000 1,000 3,000 $ 5,500 Invested Capital Retained Earnings Intangibles 500 TOTAL ASSETS $ 5,500

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