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Please show equations used Current Ratio = Current Assets Current Liabilities #Days' Sales in Inventory Average Inventory Daily Cost of Merchandise Sold # Days Sales
Please show equations used
Current Ratio = Current Assets Current Liabilities #Days' Sales in Inventory Average Inventory Daily Cost of Merchandise Sold # Days Sales in Receivables = Average Accts Receivable Daily Sales | Andrew's Window Cleaning has the following select information from the company financial statements (see figures at right). Sales Cost of Merchandise Sold 2014 250,000 100,000 2013 270,000 123,000 13. (2 pts) Calculate the Book Value of Fixed Assets for the year 2014 Accounts Receivable Inventory Equipment Building Office Equipment Accumulated Depreciation 20,000 60,500 25,000 100,000 150,000 35,000 (82,000) 25,000 69,250 23,000 70,000 150,000 30,000 (58,000) 100000+150000+35000-82000-203,000 Accounts Payable Wages Payable 30,000 20,000 35,000 21,000 14. (9 pts) Calculate each of the following ratios for Andrew's Window Cleaning (show your work if you want partial credit): a. # Days Sales in Inventory b. #Days' Sales in Receivables c. Current Ratio Step by Step Solution
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