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Mulder Corporationd comparative balance sheets are presented below. Cash $9520, $3600 Accounts Receivable $17680, $24800, Inventory $11900, $8500, Land $33800, $27200, Building $77500, $77500, Accumulated
Mulder Corporationd comparative balance sheets are presented below. Cash $9520, $3600 Accounts Receivable $17680, $24800, Inventory $11900, $8500, Land $33800, $27200, Building $77500, $77500, Accumulated Depreciation ($14700), ($11600) Total $135700, $130000 accounts payable 17,000, $28800 common stock five dollar par $70000, $70000, retained earnings $48,700 and $31,200 total $135,700 and $130,000. Mulders 2020 income statement included net sales of $106,200, cost of good sold of 61,200 and net income of $21,240. Compute the following ratios for 2020 a current ratio be acid test ratio C1 accounts receivable turnover see to average collection.
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