AHM Enterprises, Inc. had following balance sheet items and additional information for the year 2012 in its operations. 2011 2012 Current Assets: Cash $26,950.00 $31,500.00
AHM Enterprises, Inc. had following balance sheet items and additional information for the year 2012 in its operations.
2011
2012
Current Assets:
Cash
$26,950.00
$31,500.00
Short-Term Investments
$85,400.00
$60,500.00
Accounts Receivable
$34,000.00
$45,600.00
Notes Receivable
$44,000.00
$57,450.00
Inventories
$62,400.00
$58,900.00
Total Current Assets:
$252,750.00
$253,950.00
Total Fixed Assets:
$1,086,450.00
$1,188,300.00
TOTAL ASSETS
$1,339,200.00
$1,442,250.00
Total Current liabilities:
$107,700.00
$78,250.00
Total Long-Term Liabilities:
$681,500.00
$644,000.00
$789,200.00
$722,250.00
Owner's Equity:
$550,000.00
$720,000.00
TOTAL LIABILITIES & EQUITY
$1,339,200.00
$1,442,250.00
ADDITIONAL INFORMATION:
2011
2012
Total Operating Cash Flow-
$212,275.00
Total Revenue-
$883,560.00
Using the balance sheet and additional information above, calculate the Current ratio, Quick ratio, Operating cash flow to current liabilities Ratio, Accounts receivable turnover, Average collection period, Working capital for 2011 and 2012, and Working capital turnover RESPECTIVELY.
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Authors: Gaylord SmithBruce Walz
4th Edition
1133388027, 9781133388029
