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How do you Compute the following items forMetlockCorporation. (Round answer to 2 decimal places, e.g. 2.25 or 2.25%.) (1) Current ratio for fiscal years 2017
How do you Compute the following items forMetlockCorporation.(Round answer to 2 decimal places, e.g. 2.25 or 2.25%.)
(1)Current ratio for fiscal years 2017 and 2018.
(2)Acid-test (quick) ratio for fiscal years 2017 and 2018.
(3)Inventory turnover for fiscal year 2018.
(4)Return on assets for fiscal years 2017 and 2018. (Assume total assets were $1,694,460at 3/31/16.)
(5)Percentage change in sales, cost of goods sold, gross margin, and net income after taxes from fiscal year 2017 to 2018.
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