Question
PQR Ltd. presents the following financial information: Cash and cash equivalents: $180,000 Accounts receivable: $160,000 Inventory: $120,000 Total current liabilities: $250,000 Total assets: $1,200,000 Total
PQR Ltd. presents the following financial information:
- Cash and cash equivalents: $180,000
- Accounts receivable: $160,000
- Inventory: $120,000
- Total current liabilities: $250,000
- Total assets: $1,200,000
- Total liabilities: $600,000
- Net income: $150,000
Compute: a) Acid-test ratio b) Inventory turnover c) Return on total assets d) Profit margin ratio
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
