Question
For the year, net credit sales were $8,016 million, cost of goods sold was $5,286 million, and net cash provided by operating activities was $1,215
For the year, net credit sales were $8,016 million, cost of goods sold was $5,286 million, and net cash provided by operating activities was $1,215 million. Compute the current ratio, current cash debt coverage , accounts receivable turnover, average collection period, inventory turnover and days in inventory at the end of the current year. (Round all answers to 2 decimal places, e.g. 1.83.)
They want to know the current ratio,current cash debt coverage, accounts receiavble turnover, average collection period, invetory turnover, days in invetory.
end of year, start of year
Cash and cash equivalents - $790, $69
Accounts receviable 2,017,1,936
Invetory - 870,887
Other current assets- 353,453
Total current assets- 4,030,3,345
Total current liabilites- 2,015,1,624
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