IP Do H k FLAVIE PONCIAL Google Chal https://www.mathxl.com/Student/PlayerHo Homework.aspx?homeworkld 362753203&questionld 5&flushed true&cld 3926367¢erwin yes FLAVIE PONCIAL & 8/4/16 5:45 PM ACG2021-Summer 2016-Ling Homework: End of Semester Project Save HW Score: 18.27%, 3.65 of 20 pts Score: 0 of 3 pts 5 of 5 (1 complete E Question Help E13-21A (similar to) The financial statements of Eventful News, Inc., include the following it EEE Click the icon to view the financial statements Read the reguirements Requirement 1. Compute the following ratios for 2014 and 2013. Requirements a. Current ratio Select the formula and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal plac Compute the following ratios for 2014 and 2013 Current ratio a. Current ratio b. Quick (acid test) ratio 2014 2013 nventory turnover and days' inventory outstanding (DIO d. Accounts receivable turnover e. Days' sales in average receivables or days' sales outstanding (Dso) Data Table Accounts payable turnover a days' payable outstanding (DPO). Use cost of goods sold in the formula for accounts payable turnover g. Cash conversion cycle (in days) hen computing days, round your answer to the nearest whole number 2014 2013 2012 2. Evaluate the company's liquidity and current debt-paying ability for 2014. Has it improved or deteriorated from 2013? Balance sheet: 3. As a manager of this compan hat would you try to improve next year? y, W Cash 24,000 30,000 Short-term investments 7.000 21,000 Print Done Net receivables 58,000 71,000 45.000 94,000 79,000 64.000 inventory 000 6.000 Prepaid expenses 204,000 Total current assets 207,000 Accounts payable 85.000 40,000 55.000 Total current liabilities 35.000 97,000 Income statement: 506,000 Net credit sales 494,000 Choose 274,000 Cost of goods sold 285.000 10 Check Answe Done 5:45 PM 8/4/2016