Extotech has sales of $50 million, cost of goods sold for the same period of $15 million, and average inventory of $250,000. What is Exotechs inventory turnover?

a. 200

b. 20

c. 60

d. 150

An inventory turn ratio of 25 means a companys average quantity of goods in inventory sold within how many days?

a. 5.2

b. 25

c. 14.6

d. 13.3

Lid On It hat shop had $1.55 million in annual sales. During the same period its cost of goods sold was $620,000 and held average inventory of $100,000. What is the inventory turnover?

a. 10.0

b. 5.7

c. 6.2

d. 15.5

Parker Lane Cafe currently has $160,000 in cash, $380,000 in inventory, and $40,000 in accounts receivable. The company also has $40,000 in accounts payable, and $10,000 in other current liabilities. What is its quick ratio?

a. 4: 1

b. 7.5: 1

c. 3.2: 1

d. 11.6: 1

The Golden Braid Bookstore currently has $340,000 in cash, $280,000 in inventory, and $40,000 in accounts receivable. The company also has $65,000 in accounts payable, and $15,000 in other current liabilities. What is its current (or working capital) ratio?

a. 5.75:1

b. 8.25 :1

c. 4.25:1

d. 4.75 :1

Act II Costumes currently has $120,000 in cash, $340,000 in inventory, and $20,000 in accounts receivable. The company also has $20,000 in accounts payable, and $20,000 in other current liabilities. What is its current (or working capital) ratio?

a. 9: 1

b. 12: 1

c. 4.75: 1

d. 7:1

Which report from The KSY Manufacturing Company will have the necessary information to calculate its Current Ratio?

a. Statement of Cash Flows

b. Operating Statement (Profit and Loss)

c. Balance Sheet

d. Statement of Retained Earnings

The Golden Braid Bookstore currently has $340,000 in cash, $280,000 in inventory, and $40,000 in accounts receivable. The company also has $65,000 in accounts payable, and $15,000 in other current liabilities. What is its quick ratio?

a. 8.25: 1

b. 4.25: 1

c. 5.75: 1

d. 4.75: 1

Act II Costumes currently has $120,000 in cash, $340,000 in inventory, and $20,000 in accounts receivable. The company also has $20,000 in accounts payable, and $20,000 in other current liabilities. What is its quick ratio?

a. 9: 1

b. 5.5: 1

c. 12: 1

d. 3.5: 1