Question
JKL Enterprises reports the following financial data: Cash: $80,000 Accounts payable: $50,000 Total equity: $300,000 Net income: $60,000 Total revenues: $500,000 Total expenses: $440,000 Calculate
JKL Enterprises reports the following financial data:
- Cash: $80,000
- Accounts payable: $50,000
- Total equity: $300,000
- Net income: $60,000
- Total revenues: $500,000
- Total expenses: $440,000
Calculate the following: a) Cash ratio b) Accounts receivable turnover c) Return on sales d) Operating cash flow ratio
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
