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pls help with a-g Sales on account during the year totaled $1,370 thousand. Cost of goods sold was $970 thousand. Required: Compute the following for
pls help with a-g
Sales on account during the year totaled $1,370 thousand. Cost of goods sold was $970 thousand. 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 fecelvable turnover (Round your answer to 2 decimal places.) c. 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.) Step by Step Solution
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