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Need help with this practice question A ratio that measures the ability of a company to survive for a long period of time and long
Need help with this practice question A ratio that measures the ability of a company to survive for a long period of time and long term debt paying ability is called A liquidity ratio A solvency ratio An acid test ratio A debt coverage ratio Manin Company had an accounts receivable balance of $330.000 at the beginning of the year and a balance of $470,000 at the end of the year. For the year, net credit sales Tlo 000,000. What was the average collection period in days? 10 days 41 days 37 days Martin Company had net credit sales of $9,000.000, gross profit of $3,000.000 and an average invenlory of $ 1,500,000. What was the inventory tumovet? 6 times 5 times 2 times 4 times Profit margin is calculatcd using which of the following? a) Current assets and liabilities (incomc and net sales Cost of goods sold and net incomc Gross profit and net income Martin Company had net income of $600,000. and paid common shareholders dividends of560,000. The average number of shares outstanding of common stock was 60.000 shares with a market price of $70 per share. What was the pricc-camings ratio? Martin Company has $40,000 in cash, $10,000 in inventory. S50.000 in patents and $50,000 in current liabilities. What is the current ratio? 8 to 1 1 to 1 2 to 1 1.4 to 1
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