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B. Refer to the following information and compute the required financial ratios. Begining balances Inventory $200.000 Accounts receivable 300.000 Ending balances: Inventory $250.000 Accounts receivable
B. Refer to the following information and compute the required financial ratios. Begining balances Inventory $200.000 Accounts receivable 300.000 Ending balances: Inventory $250.000 Accounts receivable 400.000 Cash Marketable securities (short-term) Prepaid expenses Accounts payable Taxes payable Wages payable Short-term loans payable S100.000 200.000 50.000 175.000 85.000 90,000 50.000 During the ycar, Amn had net sales of $2.45 million. The cost of goods sold was $1.3 million 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accom. ceceivable turnover ratio. 4. Compute the accounts receivable turnover m days. 5. Compute the inventory turnover ratio
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