Question
PQR Ltd. presents the following financial information: Cash and cash equivalents: $40,000 Accounts receivable: $60,000 Inventory: $30,000 Total current liabilities: $70,000 Total assets: $400,000 Total
PQR Ltd. presents the following financial information:
- Cash and cash equivalents: $40,000
- Accounts receivable: $60,000
- Inventory: $30,000
- Total current liabilities: $70,000
- Total assets: $400,000
- Total liabilities: $150,000
- Net income: $40,000
Compute: a) Acid-test ratio b) Inventory turnover c) Return on total assets d) Profit margin ratio
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
