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The following information reled Blanton Corporation: Income Statement information for the year ending December 31, 2020: Net Sales Cost of Goods Sold Interest expense Income
The following information reled Blanton Corporation: Income Statement information for the year ending December 31, 2020: Net Sales Cost of Goods Sold Interest expense Income tax expense Total operating expenses Balance sheet information - December 31: Cash and short-term investments Accounts Receivable (net) nventories Prepaid Expenses and other current assets Current portion of long-term debt ccounts payable vidends Payable come taxes payable and payable atement of Cash Flow information - for the year ending December 31, 2020: sh Flows from Operating Activates sh Flows from Financing Activities uired: Use the above information to calculate the following for Blanton Corporation: . Operating Cash Flow to Current Liabilities ratio in 2020. (Comment on this result, is it good or bad, why?). .Day's inventory outstanding at the end of 2020. hn $5,568,122 3,122,248 248,256 685,442 1,100,000 2020 2019 $789,215 $621,842 388,245 442,268 257,217 242,258 169,568 293,139 $181,672 $145,135 288,286 376,562 354,216 368,850 412,423 213,285 978,456 745,855 $964,268 1,282,523
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