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PLS HELP WITH THIS- THANKS The financial statements of Hernandez and Sons, Inc., include the following items: (Click the icon to view the financial statements.)
PLS HELP WITH THIS- THANKS
The financial statements of Hernandez and Sons, Inc., include the following items: (Click the icon to view the financial statements.) Read the requirement. Data table requirement 1a. Compute the current rato. Select the formula and then enter the amounts to calculate the current ratio for the current year. (Round your answer to two decimal places.) Requirement 1b. Compute the quick ratio. (Round your answer to two decimal places.) Requirement 1c. Compute the cash conversion cycle. (Do not round any intermediary calculations. Round to the nearest full day and use a 365-day year for your computati Requirement 1d. Compute the accounts receivable turnover. (Round your answer to two decimal places.) Requirement 1e. Compute the inventory turnover. (Round your answer to two decimal places.) Requirement 1=Inventoryturnover=[]times 1. Compute the following ratios for the current year: (a) current ratio, (b) quick ratio, (c) cash conversion cycle, (d) accounts receivable turnover, (e) Requirement 1f. Compute the gross profit percentage. (Round the percentage to the nearest tenth of a percent X.X%.) inventory turnover, (f) gross profit percentage, and (g) net income percentage. Round all calculations to two decimal places, days to full days, and percentages to the nearest tenth of a percent. Assume all sales are on credit. (Abbreviations used: AVR = Accounts receivable, Avg = Average, ST = Short- Requirement 1g. Compute the net income percentage. (Round the percentage to the nearest tenth of a percent X.X%.) term.)Step by Step Solution
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