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soru5 zlmesine ihtiyacm var 5- Refer to Question 4 above. What cannot be said about the liquidity of the company during the year? a. The
soru5 zlmesine ihtiyacm var 5- Refer to Question 4 above. What cannot be said about the liquidity of the company during the year? a. The company has improved its acid-test ratio. b. The company has improved its current ratio. c. The company has improved its cash ratio. d. The company's non-cash working capital has approached to its net working capital. 4- Suppose that you are an auditor of a company. You have the following information: - Accounts receivable furnover rate is 5 (at the end of the year). - Inventory tumover rate is 2 Gat the end of the year. - Accounte payable turnover rate is 1 at the end of the yead. - Beginning balance of inventory is 120.000TL - Beginning and ending balances of accounts payables are 420.000TL and 300.000TL, respectively. - The acid-test ratio at the beginning of the year was 50% - All sales are on credit - Beginning and ending balances of cash and cash equivalents are 100.000TL and 80.000TL respectively. You do not understand the relevance of cash and cash equivalents in this case and ask your senior about it Your senior tells you that the "cash turnover rate" at the end of the yeor is 4 and it is defined as "net sales / cash and cash equivalents". Your senior also warns you not to forget to take the averages in the denominators when applying the appropriate formulas. Using the above information you find the non-cash working apitalof the company at the end of the year as. a. 20.000TL b. 22000TL c24000TL d. .26.000TL
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