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Question 13 5 pts Selected financial data for XYZ Company follows: compute the following ratios for the year 2017: A. Current ratio B. Quick
Question 13 5 pts Selected financial data for XYZ Company follows: compute the following ratios for the year 2017: A. Current ratio B. Quick Ratio C. Days sales in inventory D. Accounts receivable turnover E. Asset Turnover F. Return on Total Assets 2016 2017 Sales 271,161.00 457,977.00 Cost of Goods Sold 249,181.00 341,204.00 Net Income/(Net Loss0 (155,034.00) (403,509.00) Cash flows from/(to) operating activities (58,405.00) (20,437.00) Cash 341,180.00 368,872.00 Marketable securities 341,762.00 36,900.00 Accounts receivable 21,011.00 35,298.00 Inventory 6,473.00 72,106.00 Accounts payable Accrued liabilities 28,909.00 22,758.00 Total current assets Total current liabilities 44,310.00 124,851.00 710,427.00 73,218.00 413,176.00 147,610.00 How has the company's short-term liquidity changed over this period? What do these calculations suggest about the company's financial performance? Be sure to show your work!
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