Accounting $1A$

Chapter $14-$ Financial Statement Analysis

Calculate ratios. Show work.

Additional Information:

Sales $($net credit$)=$$$200,000$

COGS$=120,000$

Net Income $=50,000$

Interest Expense $=4,000$

Prior Year Inventory $=23,000$

Prior Year Accounts Receivable $=15,000$

Prior Year Total Assets $=181,000$

Working Capital:

Current Ratio:

Quick Ratio:

Accounts Receivable Turnover

Number of Days Sales in Receivables

Inventory Turnover

Number of Days Sales in Inventory