ABC Corporation's financial statements include the following: Cash and cash equivalents: $50,000 Accounts receivable: $30,000 Inventory: $20,000
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ABC Corporation's financial statements include the following:
- Cash and cash equivalents: $50,000
- Accounts receivable: $30,000
- Inventory: $20,000
- Total current liabilities: $40,000
- Total assets: $200,000
- Total liabilities: $80,000
- Net income: $25,000
Compute the following: a) Quick ratio b) Inventory turnover ratio c) Return on equity d) Operating profit margin
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