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kindly, solve all question 3 requirements fast. QUESTION 3 Selected financial statement data for XYZ Company are presented below. December 31, 2017 December 31, 2016
kindly, solve all question 3 requirements fast. QUESTION 3 Selected financial statement data for XYZ Company are presented below. December 31, 2017 December 31, 2016 Inventories $ 85,000 $65,000 Accounts receivable (net) 100,000 80,000 Short-term investments 25,000 18,000 Cash 20,000 30,000 Total current liabilities 100,000 90,000 Total Assets 200,000 150,000 Net income 2,550,000 2,800,000 During 2017 net sales were $810,000, and cost of goods sold was S615,000. AVUIL LILL TUU UUU UUUUU Short-term investments 25,000 18,000 Cash 20,000 30,000 Total current liabilities 100,000 90,000 Total Assets 200,000 150,000 Net income 2,550,000 2,800,000 During 2017, net sales were $810,000, and cost of goods sold was $615,000. Instructions Compute the following ratios for the year ending December 31, 2017 only and use averages for ratios that require you to do so: a. Current ratio b. Acid-test ratio, c. Accounts receivable turnover in times and days. d Inventory turnover in times and days. e. Asset Turnover f. Profit margin
kindly, solve all question 3 requirements fast.
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