Answered step by step
Verified Expert Solution
Question
1 Approved Answer
edit The financial statements of Eventful News, Inc., include the following iterns: [Click the icon to view the financial statements.) Read the requirements. Requirement 1.
edit
The financial statements of Eventful News, Inc., include the following iterns: [Click the icon to view the financial statements.) Read the requirements. Requirement 1. Calculate the following ratios for 2021 and 2020 . When calculating days, round your answer to the nearest whole number. a. Current ratio. Select the formula and then enter the amounts to calculate the current ratio, (Round the ratios to two decimal places, XXX.) Data table Requirements 1. Calculate the following ratios for 2021 and 2020 . When calculating days, rourfd your answer to the nearest whole number. a. Current ratio b. Quick (acid-test) ratio c. Inventory turnover and days' inventory outstanding (DIO) d. Accounts receivable turnover e. Days' sales in average receivables or days' sales outstanding (DSO) f. Accounts payable turnover and days' payable outstanding (DPO). Use cost of goods sold in the formula for accounts payable turnover. g. Cash conversion cycle (in days) (When calculating days, round your answer to the nearest whole number.) 2. Evaluate the company's liquidity and current debt-paying ability for 2021. Has it improved or deteriorated from 2020? 3. As a manager of this company, what would you try to improve next year Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started