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The financial statements of Advent News, Inc, indude the following items F7H (Clck the icon to view the financiat statements.) Read the requirements Requirement 1.
The financial statements of Advent News, Inc, indude the following items F7H (Clck the icon to view the financiat statements.) Read the requirements Requirement 1. Calculate the following ratios for 2021 and 2020 . When calculating days, round your ariser to the nearest whole number. a. Curent tatio. Select the formula and then enter the amounts to calculate the currert ratio. (Round the ratios to tyon decimalolacas x,x ) Requirements Data table 1. Calculate the following ratios for 2021 and 2020 . When calculating days, round your answer to the nearest whole number. a. Curent ratio b. Quick (aciditest) ratio c. Inventory barnover and day' inventory outstanding (D:O) d. Accounts recoivable tumover 4. Days' sales in average recoivables of doys' sales cadtanding (DSO) 1. Accounts payable turnover and days' payable cutuanding (DPO) Use cost of goods sold in the formula for accounts payable turnorer. 9. Cash conversion cycle (in days) (When calculating days, round your answer to the neares whole number) 2. Evaluate the company's liquldty and current detl-pwing ability for 2021. Has in improved or desoriceased from 2020? 3. As a manager of this company, what would you try to improve next year
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