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C3 - Selected information for Mena Company are presented below. (SK3, AR2: 5 marks Cash Short-term investments Net receivables Inventories Total current liabilities December 31,
C3 - Selected information for Mena Company are presented below. (SK3, AR2: 5 marks Cash Short-term investments Net receivables Inventories Total current liabilities December 31, 2019 1,000,000 500,000 2,500,000 2,000,000 2,500,000 December 31, 2018 $750,000 450,000 2.250.000 1,500,000 2,250,000 During 2019, net sales were $60,000,000, cost of goods sold was $45,000,000, and net income was $16,500,000. Required: Compute the following ratios for Mena Company at December 31, 2019: a. Current b. Acid-test. c. Inventory turnover. d. Accounts receivable turnover. e. Profit margin
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