Question
Calculate the following ratios 1. Current ratio 2. Account receivable turnover 3. Average collection period 4. Inventory turnover 5. Days in inventory 6.Free cash flow
Calculate the following ratios
1. Current ratio
2. Account receivable turnover
3. Average collection period
4. Inventory turnover
5. Days in inventory
6.Free cash flow
Cash IVANHOE COMPANY Balance Sheets December 31 Accounts receivable (net) Inventory Plant assets (net) Accounts payable Mortgage payable (15%) Common stock, $10 par Retained earnings 2022 $15,750 73,500 63,000 210,000 $362,250 $52,500 105,000 147,000 57,750 $362.250 2021 $ 31,500 63,000 52,500 189,000 $336,000 $ 63,000 105,000 126,000 42,000 $336,000
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Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
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