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A Club has food sales of $4,000,000 and a food cost of 40%. The club's current ratio is 2, its food inventory turnover ratio is
A Club has food sales of $4,000,000 and a food cost of 40%. The club's current ratio is 2, its food inventory turnover ratio is 16, and its average collection period is 45 days. assume a year has 360 days. given: cash $150,000 accrued expenses $100,000 please find out 1. account receivable 2. food inventory 3. total current assets 4. account payable 5. total current liabilities
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