Question
JKL Enterprises reports the following financial data: Cash: $100,000 Accounts payable: $70,000 Total equity: $500,000 Net income: $80,000 Total revenues: $700,000 Total expenses: $620,000 Calculate:
JKL Enterprises reports the following financial data:
- Cash: $100,000
- Accounts payable: $70,000
- Total equity: $500,000
- Net income: $80,000
- Total revenues: $700,000
- Total expenses: $620,000
Calculate: a) Cash ratio b) Accounts receivable turnover c) Return on sales d) Operating cash flow ratio
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
