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Vancouver 2021 income statement showed net sales of $90,800, cost of goods sold of $65,000, and net income of 9 Required (show your working): The
Vancouver 2021 income statement showed net sales of $90,800, cost of goods sold of $65,000, and net income of 9 Required (show your working): The manager of the company, Mr. Yadira is worried about all financial collapses due to the ability of the company to pay its short-term obligation. He then ask you to analyse the company's liquidity for 2021 financial year by assessing the following (rounded to 2 decimal points if needed). Industry average indicates the follow figures: Current Ratio 2:1; Quick Ratio 1.5:1; Accounts receivable turnover 8 times; Inventory turnover 10 times. (a) Quick ratio (b) Current ratio (c) Accounts receivable turn over and average collection periods (15 marks) (d) Inventory turnover and average days to sell the inventory (20 marks) (20 marks) (e) Using the industry average, analyse and comment (provide the solution on (30 marks)
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