Chapter 13 - Homework Quick assets (cash, short-term investments, and current receivables) divided by current liabilities is the: Multiple Choice o Acid-test ratio o Current ratio o ) Working capital ratio o Current lability turnover and o Quick asset tumover ratio Apps New Tab Chapter 13 - Homework 20 Dividing Accounts receivable, net by Net sales and multiplying the result by 365 is the Multiple Choice BOOK O Profit margin 0 Days sales uncollected 0 Accounts receivable turnover ratio. 0 Average counts re l atio 0 Current rate A corporation reports the following year-end balance sheet data. The company's acid-test ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 40,00e current liabilities 55,000 Long-term liabilities 60,000 Common stock 145,00 Retained earnings $300,000 Total liabilities and equity $ 75, eee 35,000 100,000 90,000 $300,000 Multiple Choice o o o o Refer to the following selected financial Information from Texas Electronics. Compute the company's Inventory turnover for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 $ 37, see 9e, cee 85,589 121, eee 12,180 388,888 113,480 711,eee 390, Year 1 $ 36,85 90,eee 86,25 117, eee 13,50 392, eee 111,750 786, ese 385,58 M e Choice 0 0 0 C Free 22- 25 Next > Refer to the following selected financial information from Whirlpool Company Compute the company's accounts receivable turnover for Your 2 Accounts receivable, net Net sales Year 2 Year 1 86,500 82,750 723,880 693,eee ponu" 0 15 0 0 0 0