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The financial statements of Voyage, Inc., include the following items: (Click the icon to view the financial statements.) Read the requirement Requirement 1a. Compute
The financial statements of Voyage, Inc., include the following items: (Click the icon to view the financial statements.) Read the requirement Requirement 1a. Compute the current ratio. Select the formula and then enter the amounts to calculate the current ratio for the current year. (Round your answer to two decimal places.) Current assets 171,000 Current liabilities 100,000 Current ratio 1.71 Requirement 1b. Compute the quick ratio. (Round your answer to two decimal places.) Cash ( $ 21,000 ST investments 21,000 Net current receivables y 47,000 Current liabilities Quick ratio )/ $ 100,000 0.89 Requirement 1c. Compute the cash conversion cycle. (Do not round any intermediary calculations. Round to the nearest full day and use a 365-day year for your comm Average inventory Cost of goods sold 340,100 365 Cash conversion cycle days to view ent. Data table Current Year Previous Year Comput Balance Sheet and the Cash 21,000 $ 47,000 lecimal places.) assets Short-term investments 21,000 32,000 000 Accounts receivables, net 47,000 86,000 Inventory 78,000 42,000 Comput Prepaid expenses 4,000 16,000 ck ratio Total current assets 171,000 223,000 00 0.89 Accounts payable 43,000 37,000 Comput Total current liabilities 100,000 91,000 day and use a 365-da Income Statement Net sales $ 499,000 ventory Cost of goods sold 340,100 Net income 54,000 Print Done Requirement 1a. Com Select the formula and Current assets 171,000 Requirement 1b. Com Cash 21,000 Requirement 1. Compute the following ratios for the current year: (a) current ratio, (b) quick ratio, (c) cash conversion cycle, (d) accounts receivable turnover. (e) inventory turnover, (f) gross profit percentage, and (g) net income percentage. Round all calculations to two decimal places, days to full days, and percentages to the nearest tenth of a percent. Assume all sales are on credit. (Abbreviations used: A/R Accounts receivable, Avg Average, ST Short- mal places.) ratio term. Requirement 1c. Com Average inventor Print Done y and use a 365-day year for youm
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