Question
PQR Ltd. presents the following financial information: Cash and cash equivalents: $80,000 Accounts receivable: $100,000 Inventory: $70,000 Total current liabilities: $120,000 Total assets: $700,000 Total
PQR Ltd. presents the following financial information:
- Cash and cash equivalents: $80,000
- Accounts receivable: $100,000
- Inventory: $70,000
- Total current liabilities: $120,000
- Total assets: $700,000
- Total liabilities: $350,000
- Net income: $80,000
Compute: a) Acid-test ratio b) Inventory turnover c) Return on total assets d) Profit margin ratio
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
