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please solve will upvote Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Sales on account during the year totaled
please solve will upvote
Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Sales on account during the year totaled $1,320 thousand. Cost of goods sold was $920 thousand. Required: Compute the following for Year 2 : a. Working capital. (Enter your answer in thousands of dollars, t.e., 100,000 should be entered as 100.) b. Current ratio. (Round your answer to 2 decimal places.) c. Acid-test (quick) ratio. (Round your answer to 2 decimal places.) d. Accounts recelvable turnover. (Round your answer to 2 decimal places.) e. Average collection period. (Use 365 days in a year, Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) f. Inventory turnover. (Round your answer to 2 decimal places.) 9. Average sale period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) Required: Compute the following for Year 2: a. Working capital, (Enter your answer in thousands of dollars, L.e., 100,000 should be entered as 100.) b. Current ratio. (Round your answer to 2 decimal places.) C. Acid-test (quick) ratio. (Round your answer to 2 decimal places.) d. Accounts recelvable turnover. (Round your answer to 2 decimai places.) e. Average collection perlod, (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) f. Inventory turnover. (Round your answer to 2 decimal places.) 9. Average sale period. (Use 365 days in a year. Round your Intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) Step by Step Solution
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