Part VII Compute the following ratio and indicate what it means Current ratio current assets= $15,000.00 current
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Part VII Compute the following ratio and indicate what it means Current ratio current assets= $15,000.00 current liabilities= $3,500.00 answer ratio = meaning 2. Days cash on hand Cash= $500,000.00 Marketable securities= $3,500,000.00 Operating expense= $210,000.00 bad debts= $90,000.00 Depreciating = $110,000.00 answer ratio = meaning 3. Days in accounts receivable Net accounts receivable= $6,470,000.00 Net patent revenue= $2,650,000.00 answer ratio = meaning 4. Total asset turnover Total revenue= $14,000,000.00 Total Asset= $15,000,000.00 answer ratio = meaning 5. Long Term Debt to Net ASSET Long tem debt= $60,000,000.00 Net Assets= $25,000,000.00 answer ratio = meaning answer ratio = meaning
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