Question
VWX Enterprises provides the following financial figures: Cash and cash equivalents: $100,000 Accounts payable: $70,000 Total equity: $600,000 Net income: $160,000 Total revenues: $1,000,000 Total
VWX Enterprises provides the following financial figures:
- Cash and cash equivalents: $100,000
- Accounts payable: $70,000
- Total equity: $600,000
- Net income: $160,000
- Total revenues: $1,000,000
- Total expenses: $840,000
Find out: a) Cash ratio b) Receivables turnover c) Return on sales d) Operating cash flow ratio
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
