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Please show all calculations. Thank you so much. Shown below are selected financial data for Company A and Company B at the end of the
Please show all calculations. Thank you so much. Shown below are selected financial data for Company A and Company B at the end of the current year. Company A Company B Net sales $675,000 $560,000 Cost of goods sold 504,000 480,000 Cash 45,900 18,000 Accounts receivable (net) 67,500 63,000 Inventory 75,600 144,000 Current liabilities 84,000 80,000 Assume that the year-end balances shown for accounts receivable and for inventory also represent the average balances of these items throughout the year. Each company offers 30-day credit terms to its customers. REQUIRED: 1. For each of the two companies, compute the following: a) current ratio b) quick ratio c) merchandise turnover d) accounts receivable turnover e) days' sales uncollected Round answers to two decimal places
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