Question
Balance Sheet Balance Sheet Current Year Preceding Year Cash $16,300.00 $22,000.00 Short-Term investments $10,750.00 $25,500.00 Net Receivables $49,000.00 $77,360.00 Inventory $81,000.00 $78,500.00 Prepaid Expenses $21,500.00
Balance Sheet 
Balance Sheet
Current Year
Preceding Year
Cash
$16,300.00
$22,000.00
Short-Term investments
$10,750.00
$25,500.00
Net Receivables
$49,000.00
$77,360.00
Inventory
$81,000.00
$78,500.00
Prepaid Expenses
$21,500.00
$9,200.00
Total Current Assets
$178,550.00
$212,560.00
Total Current Liabilities
$125,000.00
$89,000.00
Income Statement
Net Credit Sales
$427,050.00
Cost of Goods Sold
$319,000.00
Compute the following ratios for the current year:
1. Current Ratio
2. Quick Ratio
3. Inventory Turnover
4. Accounts Receivable Turnover
Balance Shret 10tal ridotitus (Tveconc statemtat) Whot ave the ceriert ratios for the Cavrent year: Current tatio? Quec ra vo: Irveray turoster
Balance Sheet | Current Year |
| Preceding Year | |||||||||||||||||||||
|
| |||||||||||||||||||||||
Cash | $16,300.00 |
| $22,000.00 | |||||||||||||||||||||
Short-Term investments | $10,750.00 |
| $25,500.00 | |||||||||||||||||||||
Net Receivables | $49,000.00 |
| $77,360.00 | |||||||||||||||||||||
Inventory | $81,000.00 |
| $78,500.00 | |||||||||||||||||||||
Prepaid Expenses | $21,500.00 |
| $9,200.00 | |||||||||||||||||||||
Total Current Assets | $178,550.00 |
| $212,560.00 | |||||||||||||||||||||
Total Current Liabilities | $125,000.00 |
| $89,000.00 | |||||||||||||||||||||
Income Statement |
|
|
| |||||||||||||||||||||
|
|
| ||||||||||||||||||||||
Net Credit Sales | $427,050.00 |
|
| |||||||||||||||||||||
Cost of Goods Sold | $319,000.00 |
|
| |||||||||||||||||||||
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
8th Global Edition
1292155035, 9781292155036
