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Vockery Market Co. Balance Sheet 2017 Cash ST Investments Net Accounts Receivable Inventory Prepaid Expenses Total Current Assets PP&E Total Assets 2018 20,000 18,000 50,000
Vockery Market Co. Balance Sheet 2017 Cash ST Investments Net Accounts Receivable Inventory Prepaid Expenses Total Current Assets PP&E Total Assets 2018 20,000 18,000 50,000 70,000 12,000 170,000 105,000 275,000 24,000 26,000 78,000 66,000 10,000 204,000 85,000 289,000 Total Current Liabilities 130,000 120,000 Income Statement: Net Sales Cost of Goods Sold 478,000 318,000 Compute the following ratios: Current ratio Acid-test ratio Inventory turnover Days' sales in inventory Days' sales in receivables Gross profit percentage
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