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A company comparative partial balance sheet and partial income statement are presented. Instructions: Compute the following ratios for the current year. Only 2 decimal spaces.
A company comparative partial balance sheet and partial income statement are presented. Instructions: Compute the following ratios for the current year. Only 2 decimal spaces. Do not round the answer. a. Current ratio b. Acid-test ratio c. Inventory turnover d. Days in inventory e. Days in accounts receivables VI 1 1. A company comparative partial balance sheet and partial income statement are presented. (El estado de situacin parcial y el estado de ingresos y gastos parciales comparados son presentados por la compaa.) Instructions: Compute the following ratios for the current year. (In the answer use only 2 decimal spaces. Do not round the answer). (Calcule las siguientes proporciones (ratios) para el current year. (Use solo 2 espacios decimales en la respuesta, No redondee la respuesta.) a. Current ratio b. Acid-test ratio c. Inventory turnover d. Days in inventory e. Days in accounts receivables. Balance sheet Current Year Preceding Year Cash Short-term investment Net accounts receivables Inventory Prepaid expenses Total current assets 18,000 14,000 57,000 80,000 18.000 $187.000 $ 23,000 30,000 76,000 72,000 12.000 $213.000 Total current liabilities $ 148,000 $ 108,000 Income Statement: Net credit sales Cost of goods sold $ 477,000 330,000 a. b. C. d
A company comparative partial balance sheet and partial income statement are presented. Instructions:
Compute the following ratios for the current year. Only 2 decimal spaces. Do not round the answer.
a. Current ratio
b. Acid-test ratio
c. Inventory turnover
d. Days in inventory
e. Days in accounts receivables
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