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Comanche Carpets reported the following amounts in its 2 0 2 5 financial statements. The 2 0 2 4 figures are given for comparison. View
Comanche Carpets reported the following amounts in its financial statements. The figures are given for comparison.
View the comparative financial information.
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Requirement Calculate Comanche Carpets' acidtest ratio for Round to two decimals. Determine whether Comanche Carpets' acidtest ratio improved or deteriorated from to How does Comanche Carpets' acidtes of Abbreviations used: Cash Cash including cash equivalents; invest. shortterm investments. Round the acid test ratio to two decimals, XXX
Calculate the acidtest ratio for both years.
tableCash ST invest Net current receivablesTotal current liabilities,Acidtest ratio
The acidtest ratio deteriorated from to The company's acidtest ratio is a little worse than the industry average of
Requirement Calculate Comanche Carpets' accounts receivable turnover ratio for Round to two decimals. How does Comanche Carpets' ratio compare to the industry average accounts receivable turnover of Abbreviations turnover ratio; Cash Cash including cash equivalents; ST invest. shortterm investments. Round the accounts receivable turnover ratios to two decimals, XXX
The company's accounts receivable turnover ratio is the industry average of
Requirement Calculate the days' sales in receivables for Round to the nearest day. How do the results compare with Comanche Carpets' credit terms of net Abbreviations used. Cash Cash including cash equivalents; ST inve interim calculations to two decimals, and the days in receivables to the nearest whole day.
Days' sales in AR
Comanche Carpets' days' sales in receivables calculation is the company's net day credit period
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