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Calculate the following ratios for 12/31/19 (Please show work) E - Current Ratio: F - Working Capital Ratio G-Acid-Test Ratio H - Asset Turnover I
Calculate the following ratios for 12/31/19 (Please show work)
E - Current Ratio: F - Working Capital Ratio G-Acid-Test Ratio H - Asset Turnover I - Inventory Turnover J - # Days' Sales in Accounts Receivable K - # of Days' Sales in Inventory 2018 S $ S $ $ $ $ $ 2019 81,000 $ 87,000 $ 15,000 $ 29,000 $ 62,000 $ 405,000 $ 126,000 $ 482,000 78,000 92,000 15,000 22,000 48,000 275,000 110,000 30,000 17,000 115,000 Accounts Payable Accounts Receivable, net of uncollectible accounts Additional Paid-in Capital Automobiles Building Improvements Buildings Cash COGS Common Stock $1 par, 400,000 shs authorized, 30,000 shs issued, 25,000 shs outstanding Computer Equipment Conferences & Travel Expense Depreciation & Amortization Expense Dividends Paid General & Administrative Expense Goodwill Income Tax Expense Insurance Expense Interest Expense Interest Income Interest Payable Land Accumulated Amortization Accumulated Depreciation Long-Term Bonds Payable Long-Term Note Payable Merchandise Inventory Net Sales Patents Preferred Stock Prepaid Insurance Production Equipment Research & Development Expense Retained Earnings Selling Expense Short-Term Marketable Securities Short-term Note Payable Trademarks Treasury Stock 5,000 shs Utilities Expense Wages Expense Wages Payable $ $ S $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 30,000 $ 18,000 $ 9,000 12,000 10,000 150,000 115,000 $ 32,000 15,000 12,000 14,000 18,000 $ 120,000 $ (30,000) $ (118,000) $ 190,000 $ 210,000 $ 20,000 $ 957,000 45,000 $ 22,000 $ 15,000 $ 43,000 $ 13,000 ? $ 21,000 18,000 $ 142,000 $ 16,000 $ (5,000) $ 18,000 131,000 12,000 $ 14,000 120,000 (28,000) (108,000) 119,000 178,000 18,000 45,000 22,000 12,000 39,000 190,000 $ S S $ $ $ $ $ 15,000 156,000 16,000 (5,000) 11,000Step by Step Solution
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