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net income :52000 current year is on the left column previous on the right Requirement 1a. Compute the current ratio. Select the formula and then
net income :52000
current year is on the left column previous on the right
Requirement 1a. Compute the current ratio. Select the formula and then enter the amounts to calculate the current ratio for the current year. (Round your answer to two decimal places.) Current ratio Requirement 1b. Compute the quick ratio. (Round your answer to two decimal places.) Quick ratio Requirement 1c. Compute the cash conversion cycle. (Do not round any intermediary calculations. Round to the nearest full day and use a 365-day Requirement 1c. Compute the cash conversion cycle. (Do not round any intermediary calculations. Round to the nearest full day and Cash conversion cycle days Requirement 1d. Compute the accounts receivable turnover. (Round your answer to two decimal places.) = Accounts receivable turnover times Requirement te. Compute the inventory turnover. (Round your answer to two decimal places.) Requirement 1e. Compute the inventory turnover. (Round your answer to two decimal places.) - Inventory turnover times Requirement 1f. Compute the gross profit percentage. (Round the percentage to the nearest tenth of a percent X.X%.) Gross profit percentage Requirement 1g. Compute the net income percentage. (Round the percentage to the nearest tenth of a percent X.X%.) Net income percentage Cash ...... Short-term investments ..... 19,000 $ 10,000 47,000 Accounts receivables, net 78,000 Inventory... Prepaid expenses..... Total current.assets.com Accounts payable... Total.current liabilities Income Statement Net sales Cast of goods sold 33,000 29,000 86,000 43,000 6,000 197,000 35,000 89,000 10,000 164,000 44,000 94,000 $ 475,000 350,000 Step by Step Solution
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