VWX Enterprises provides the following financial figures: Cash and cash equivalents: $60,000 Accounts payable: $40,000 Total equity:
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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 expenses: $420,000
Find out: a) Cash ratio b) Receivables turnover c) Return on sales d) Operating cash flow ratio
Related Book For
Entrepreneurial Finance
ISBN: 978-1305968356
6th edition
Authors: J. Chris Leach, Ronald W. Melicher
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