Question
Current assets Cash Trading investments Accounts receivable, net Inventory Prepaid expenses Total current assets Total current liabilities Additional information: (in thousands) Allowance for doubtful accounts
Current assets
Cash
Trading investments
Accounts receivable, net
Inventory
Prepaid expenses
Total current assets
Total current liabilities
Additional information:
(in thousands)
Allowance for doubtful accounts
Credit sales
Cost of goods sold
2021
2020
$
30
$
91
55
60
674
589
622
528
41
52
$ 1.422
$ 1,320
$
881
$
830
2021
2020
$
50
$
45
4.153
3.957
2.912
2.672
O Search
2019
60
40
498
570
29
$ 1,197
$
753
2019
$
40
3.664
2,341
Calculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places e.g. 2.66. Round receivables turnover and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to O decimal places e.g. 1,266. Enter working capital amounts in thousands e.g. 525.)
2021
2020
Working capital
$
Current ratio
Receivables turnover
:1
times
Collection period
davs
Inventory turnover
times
times
davs
times
Days sales in inventory
days
days
Additional information
Current assets
Cash
Trading investments
Accounts receivable, net
Inventory
Prepaid expenses
Total current assets
Total current liabilities
Additional information:
(in thousands)
Allowance for doubtful accounts
Credit sales
Cost of goods sold
2021
2020
$
30
$
91
55
60
674
589
622
528
41
52
$ 1.422
$ 1,320
$
881
$
830
2021
2020
$
50
$
45
4.153
3.957
2.912
2.672
O Search
2019
60
40
498
570
29
$ 1,197
$
753
2019
$
40
3.664
2,341
Calculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places e.g. 2.66. Round receivables turnover and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to O decimal places e.g. 1,266. Enter working capital amounts in thousands e.g. 525.)
2021
2020
Working capital
$
Current ratio
Receivables turnover
:1
times
Collection period
davs
Inventory turnover
times
times
davs
times
Days sales in inventory
days
days
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Cost Accounting
Authors: Edward B. Deakin, Michael Maher
3rd Edition
9780256069198
