Question
VWX Enterprises provides the following financial figures: Cash and cash equivalents: $80,000 Accounts payable: $60,000 Total equity: $500,000 Net income: $120,000 Total revenues: $700,000 Total
VWX Enterprises provides the following financial figures:
- Cash and cash equivalents: $80,000
- Accounts payable: $60,000
- Total equity: $500,000
- Net income: $120,000
- Total revenues: $700,000
- Total expenses: $580,000
Find out: a) Cash ratio b) Receivables turnover c) Return on sales d) Operating cash flow ratio
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Financial Accounting IFRS
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
1118285909, 1118285905, 978-1118285909
