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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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