Question
Mobile Company manufactures computer technology devices. Selected financial data for Mobile is presented below, use the information to answer the following questions: Current Assets As
Mobile Company manufactures computer technology devices. Selected financial data for Mobile is presented below, use the information to answer the following questions: Current Assets As of Dec. 31, 2015 Dec. 31, 2014 Cash and short-term investments $1,267,038 $ 616,604 Accounts Receivable (net) 490,816 665,828 Inventories 338,599 487,505 Prepaid Expenses and other current assets 292,511 291,915 Total Current Assets $2,388,964 $2,061,852 Current Liabilities Short-term borrowings $ 25,190 $ 38,108 Current portion of long-term debt 182,295 210,090 Accounts payable 296,307 334,247 Accrued liabilities 941,912 743,999 Income taxes payable 203,049 239,793 Total Current Liabilities 1,648,753 1,566,237 Selected Income Statement Data - for the year ending December 31, 2015: Net Sales $4,885,340 Cost of Goods Sold 2,542,353 Operating Income 733,541 Net Income 230,101 Selected Statement of Cash Flow Data - for the year ending December 31, 2015: Cash Flows from Operations $1,156,084 Please compute the financial ratios below for 2015. Show your calculations and enter your results into the table below. 2015 Current Ratio Operating Cash Flow to Current Liabilities Ratio Days Accounts Receivables Outstanding Days Accounts Payable Outstanding Inventory Turnover
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