Question
Solve for (A) current ratio, (B) acid test, (C) average day's collection (360), (D) asset turnover, and (E) profit margin on sales. (Round to the
Solve for (A) current ratio, (B) acid test, (C) average day's collection (360), (D) asset turnover, and (E) profit margin on sales. (Round to the nearest hundredth or hundredth percent as needed.)
| Current Assets | $ 26,000 |
|---|---|
| Accounts Receivable | $ 4,100 |
| Current Liabilities | $ 16,500 |
| Inventory | $ 4,100 |
| Net Sales | $ 52,000 |
| Total Assets | $ 38,000 |
| Net Income | $ 8,000 |
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
