The comparative financial statements of Sentry Company for 2020, 2019, and 2018 included the fo (Click the icon to view the comparative financial data.) Required Requirement 1. Compute these ratios for 2020 and 2019, assuming that all sales are on account: a. Calculate the current ratios. (Round your final answers to two decimal places.) 2020 2019 Current ratio = b. Calculate the acid-test ratios. (Round your final answers to two decimal places.) 2020 2019 Acid-test ratio c. Next, calculate days sales in average receivables (Round all calculations to the nearest whole numb 2020 2019 Days' sales in receivables days days Enter your answer in each of the answer boxes Type here to search o At The comparative financial statements of Sentry Company for 2020, 2019, and 2018 included the following se E (Click the icon to view the comparative financial data.) Required c. Next, calculate days' sales in average receivables. (Round all calculations to the nearest whole number.) 2020 2019 Days' sales in receivables days days d. Finally, calculate accounts receivable turnover (Round to nearest full turn.) 2020 2019 Accounts receivable E turnover Requirement 2. Write a memo explaining to Anton Cantrelle owner of Sentry Company, which ratio values showed in unfavourable for the company DATE TO Anton Cantrelle. Ouer Sentry Company Enter your answer in each of the answer boxes Type here to search O Die ED data.) Required Requirement 2. Write a memo explaining to Anton Cantrelle, owner of Sentry Company, which ratio values showed improv unfavourable for the company DATE TO Anton Cantrelle, Owner, Sentry Company FROM Student SUBJECT Changes in ratio values from 2019 to 2020 The current ratio from 2019 to 2020. This trend the company The acid-test ratio from 2019 to 2020. This trend The days' sales in receivable the company from 2019 to 2020. This trend the company 10020 THE Enter your answer in each of the answer boxes Type here to search o the following selected data (Click the icon to view the comparative financial data.) Lequired Requirement 2. Write a memo explaining to Anton Cantrelle, owner of Sentry Company, which ratio values showed improv Lunfavourable for the company DATE . Anton Cantrelle, Owner, Sentry Company FROM Student SUBJECT: Changes in ratio values from 2019 to 2020 The current ratio from 2019 to 2020. This trend The acid-test ratio the company from 2019 to 2020. This trend The days sales in receivable the company from 2019 to 2020. This trend The accounts receivable turnover the company from 2019 to 2020. This trend Enter your answer in each of the answer boxes the company Type here to search * Comparative financial data - X 2020 2019 2018 (In thousands) rati Balance Sheet Current assets Cash $ 100 $ 100 $ 70 340 470 Short-term investments Receivables, net Inventories 840 630 330 500 1.450 120 1780 1.520 Prepaid expenses 190 S Total current assets 3.250 $ 2.910 52.470 is 2 000 $ Total current liabilities Income Statement 1690 $ 1 560 Sales revenue 5 11 300 $ 10.200 3 8.500 Print Done
