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Q. What numbers would you use to find Current Ratio, Quick Ratio, and A/R Turnover? I have the formulas (Current Ratio= Current assets/current liabilities, Quick

Q. What numbers would you use to find Current Ratio, Quick Ratio, and A/R Turnover? I have the formulas (Current Ratio= Current assets/current liabilities, Quick Ratio= (Current assets-inventory)/current liabilities, and A/R Turnover= Sales/Average A/R) but I am having trouble finding what number to use.

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Table 2 Income Statements Sales Cost of goods sold \begin{tabular}{|l|l|l|l|} \hline$3,346,750 & $3,380,550 & $3,635,000 & $4,240,000 \\ \hline$2,510,063 & $2,384,000 & $2,980,000 & $3,680,000 \\ \hline \end{tabular} Operating expenses: \begin{tabular}{|l|r|r|r|r|} \hline Depreciation & $105,000 & $105,000 & $154,500 & $159,000 \\ \hline Selling \& Administrative Expense & $484,288 & $404,300 & $297,550 & $303,320 \\ \hline Operating Income & $247,400 & $487,250 & $202,950 & $97,680 \\ \hline Interest Expense & $0 & $0 & $4,3,000 & $67,000 \\ \hline Pre-tax Profit & $247,400 & $487,250 & $159,950 & $30,680 \\ \hline Income Tax Expense (Benefit) & $98,960 & $194,900 & $63,980 & $12,272 \\ \hline Net Income & $148,440 & $292,350 & $95,970 & $18,408 \\ \hline \end{tabular} Table 2 Income Statements Sales Cost of goods sold \begin{tabular}{|l|l|l|l|} \hline$3,346,750 & $3,380,550 & $3,635,000 & $4,240,000 \\ \hline$2,510,063 & $2,384,000 & $2,980,000 & $3,680,000 \\ \hline \end{tabular} Operating expenses: \begin{tabular}{|l|r|r|r|r|} \hline Depreciation & $105,000 & $105,000 & $154,500 & $159,000 \\ \hline Selling \& Administrative Expense & $484,288 & $404,300 & $297,550 & $303,320 \\ \hline Operating Income & $247,400 & $487,250 & $202,950 & $97,680 \\ \hline Interest Expense & $0 & $0 & $4,3,000 & $67,000 \\ \hline Pre-tax Profit & $247,400 & $487,250 & $159,950 & $30,680 \\ \hline Income Tax Expense (Benefit) & $98,960 & $194,900 & $63,980 & $12,272 \\ \hline Net Income & $148,440 & $292,350 & $95,970 & $18,408 \\ \hline \end{tabular}

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