Question
VWX Enterprises provides the following financial figures: Cash and cash equivalents: $60,000 Accounts payable: $40,000 Total equity: $400,000 Net income: $80,000 Total revenues: $500,000 Total
VWX Enterprises provides the following financial figures:
- Cash and cash equivalents: $60,000
- Accounts payable: $40,000
- Total equity: $400,000
- Net income: $80,000
- Total revenues: $500,000
- Total expenses: $420,000
Find out the following: a) Cash ratio b) Receivables turnover c) Return on sales d) Operating cash flow ratio
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
