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Excerpts from Candle Corporation's most recent balance sheet ( in thousands of dollars ) appear below: Sales on account during the year totaled $ 1
Excerpts from Candle Corporation's most recent balance sheet in thousands of dollars appear below:
Sales on account during the year totaled $ thousand. Cost of goods sold was $ thousand.
Required:
Compute the following for Year :
a Working capital.
Note: Enter your answer in thousands of dollars, ie should be entered as
b Current ratio.
Note: Round your answer to decimal places.
c Acidtest quick ratio.
Note: Round your answer to decimal places.
c Accounts receivable turnover.
Note: Round your answer to decimal places.
e Average collection period.
Note: Use days in a year. Round your intermediate calculations to decimals places and your final answer to decimal
place.
f Inventory turnover.
Note: Round your answer to decimal places.
g Average sale period.
Note: Use days in a year. Round your intermediate calculations to decimals places and your final answer to decimal
place.
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