Question
VWX Enterprises provides the following financial figures: Cash and cash equivalents: $300,000 Accounts payable: $180,000 Total equity: $1,500,000 Net income: $400,000 Total revenues: $2,000,000 Total
VWX Enterprises provides the following financial figures:
- Cash and cash equivalents: $300,000
- Accounts payable: $180,000
- Total equity: $1,500,000
- Net income: $400,000
- Total revenues: $2,000,000
- Total expenses: $1,600,000
Find out: a) Cash ratio b) Receivables turnover c) Return on sales d) Operating cash flow ratio
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
