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home / study / business / accounting / accounting questions and answers / 1. windham corporation has current assets of $500,000 and current liabilities of

home / study / business / accounting / accounting questions and answers / 1. windham corporation has current assets of $500,000 and current liabilities of $625,000. ...

Question: 1. Windham Corporation has current assets of $500,000 and current liabilities of $625,000. Windha...

1. Windham Corporation has current assets of $500,000 and current liabilities of $625,000. Windham Corporation's current ratio would be increased by:

2. During the year just ended, the retailer James Corporation purchased $433,000 of inventory. The inventory balance at the beginning of the year was $184,000. If the cost of goods sold for the year was $457,000, then the inventory turnover for the year was:

3. Deflorio Corporations inventory at the end of Year 2 was $167,000 and its inventory at the end of Year 1 was $152,000. The companys total assets at the end of Year 2 were $1,471,000 and its total assets at the end of Year 1 were $1,420,000. Sales amounted to $1,450,000 in Year 2. The companys total asset turnover for Year 2 is closest to:

4. Mayfield Corporation has provided the following financial data:

5. Freiman Corporation's most recent balance sheet and income statement appear below:

6.

Deacon Corporation has provided the following financial data from its balance sheet and income statement:

Year 2 Year 1
Total assets $ 1,226,000 $ 1,190,000
Total liabilities $ 479,000 $ 476,000
Total stockholders' equity $ 747,000 $ 714,000
Net operating income (income before interest and taxes) $ 69,127
Interest expense $ 27,000

The companys times interest earned ratio for Year 2 is closest to:

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