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(e) Ratio Analysis Zipper Corporation reported the following condensed incorne statement for 2015: $6,000,000 Cost of goods sold Gross profit Less expenses Net income before
(e) Ratio Analysis Zipper Corporation reported the following condensed incorne statement for 2015: $6,000,000 Cost of goods sold Gross profit Less expenses Net income before taxes $300,000 Less income taxes Net income after taxes $1,800,000 1,500,000 120,000 $180,000 Assume the following: Average inventary Average accounts receivable Average accounts payable 5700,000 $1,200,000 $300,000 (Use 365 days a year) Compute the fallowing: (Round answers to 2 decimal places,e.g.52.75.) Inventory turnower Accourts receivable turnover Average number of days to sell an item Average number of days to collect an account receivable Number of days in operating cydle Attempts: 0 of 3 used SAVE FOR LATER
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