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PLEASE HELP ASAP 100 Ab Prepaid 72 32 S002 $772 The current ante Current abilities: Accounts payable Accrund liabilities Notes pemble, short term $310 220
PLEASE HELP ASAP
100 Ab Prepaid 72 32 S002 $772 The current ante Current abilities: Accounts payable Accrund liabilities Notes pemble, short term $310 220 82 $ 310 98 72 $ 612 $ 480 Total current liabilities Sales on account during the year totaled $1,560 thousand. Cost of goods sold was $950 thousand. Required: Com to the following working capital for Year 2.(Enter your answer in thousands of dollars, l.e. Salow on account during the year totaled $1,560 thousand. Cont of goods sold was $950 hard. Required: a. Compute the following working capital for Year 2. (Enter your answer in thousands of dollars, 100,000 should be entered as 100.) Working capital b. Compute the following current ratio for Year 2. (Round your answer to 2 decimal places.) Current ratio Compute the following acid-test ratio for You 2. (Round your answer to 2 decimal plecu d. Compute the following accounts receivable turnover for Year 2.(Round your answer to 2 decimal places.) Accounts receivable umow e. Compute the following average collection period for Year 2.(Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 2 decimal places.) Compute the following inventory turnover for Your 2.found you to del perc) 2 9. Compute the following average sale period for Year 2. (Uso 365 days in a year. Round your Intermediate calculations to 2 decimal places and your final answer to 2 decimal places.) Asal pond Days Hints 100 Ab Prepaid 72 32 S002 $772 The current ante Current abilities: Accounts payable Accrund liabilities Notes pemble, short term $310 220 82 $ 310 98 72 $ 612 $ 480 Total current liabilities Sales on account during the year totaled $1,560 thousand. Cost of goods sold was $950 thousand. Required: Com to the following working capital for Year 2.(Enter your answer in thousands of dollars, l.e. Salow on account during the year totaled $1,560 thousand. Cont of goods sold was $950 hard. Required: a. Compute the following working capital for Year 2. (Enter your answer in thousands of dollars, 100,000 should be entered as 100.) Working capital b. Compute the following current ratio for Year 2. (Round your answer to 2 decimal places.) Current ratio Compute the following acid-test ratio for You 2. (Round your answer to 2 decimal plecu d. Compute the following accounts receivable turnover for Year 2.(Round your answer to 2 decimal places.) Accounts receivable umow e. Compute the following average collection period for Year 2.(Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 2 decimal places.) Compute the following inventory turnover for Your 2.found you to del perc) 2 9. Compute the following average sale period for Year 2. (Uso 365 days in a year. Round your Intermediate calculations to 2 decimal places and your final answer to 2 decimal places.) Asal pond Days Hints Step by Step Solution
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