Question
Following is an extract of information from the books of Express Photos: 2014 2013 Net Sales 166500 Net Credit Sales 150500 Inventory 13000 15000 Total
Following is an extract of information from the books of Express Photos:
| 2014 | 2013 |
Net Sales | 166500 |
|
Net Credit Sales | 150500 |
|
Inventory | 13000 | 15000 |
Total Assets | 98000 |
|
Current Liabilites | 48000 |
|
COGS | 86000 |
|
Gross Profit | 80500 |
|
Current Assets | 72000 |
|
Total Liabilities | 56000 |
|
Accounts Receivable | 25000 | 18000 |
|
|
|
Non leap year |
|
|
Calculate the following ratios:
Format as noted.
Current Ratio (to 1 decimal place) | Answer |
Debt Ratio (as a percentage to 1 decimal place - no "%") | Answer |
Accounts Receivables Turnover (rounded to nearest whole number) | Answer |
Days in Inventory (rounded to nearest whole number) | Answer |
Gross Profit Percentage (as a percentage to 1 decimal place - no "%") | Answer |
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