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Question 2 Selected financial statement data for Mure Company are presented below. December 31, December 31, 2017 2016 Cash $ 40,000 $30,000 Short-term investments 20,000
Question 2 Selected financial statement data for Mure Company are presented below. December 31, December 31, 2017 2016 Cash $ 40,000 $30,000 Short-term investments 20,000 18,000 Accounts receivable (net) 100,000 90,000 Inventory 80,000 60,000 Total current liabilities 100,000 90,000 During 2017, net sales were $950,000, and cost of goods sold was $770,000. Compute the current ratio at December 31, 2017. (Round answer to 1 decimal place, e.g. 2.1:1) Current ratio :1 LINK TO TEXT Compute the acid-test ratio at December 31, 2017. (Round answer to 2 decimal places, e.g. 2.15:1) Acid-test ratio :1 LINK TO TEXT Compute the accounts receivable turnover at December 31, 2017. Accounts receivable turnover times LINK TO TEXT Compute the inventory turnover at December 31, 2017. Inventory turnover. times
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