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JKL Enterprises reports the following financial data: Cash: $90,000 Accounts payable: $60,000 Total equity: $400,000 Net income: $70,000 Total revenues: $600,000 Total expenses: $520,000 Calculate:
JKL Enterprises reports the following financial data:
- Cash: $90,000
- Accounts payable: $60,000
- Total equity: $400,000
- Net income: $70,000
- Total revenues: $600,000
- Total expenses: $520,000
Calculate: a) Cash ratio b) Accounts receivable turnover c) Return on sales d) Operating cash flow ratio
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