Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are given the following information Procter & Gamble Colgate-Palmolive Clorox Sales $86,500 $32,500 $18,860 Cost of goods sold 53,980 19,070 13,230 Accounts receivable 15,830

You are given the following information

Procter & Gamble

Colgate-Palmolive

Clorox

Sales

$86,500

$32,500

$18,860

Cost of goods sold

53,980

19,070

13,230

Accounts receivable

15,830

6,210

3,600

Inventory

12,580

6,150

4,900

Total current assets

36,700

15,720

10,540

Total current liabilities

25,980

13,850

8,360

Total assets

108,020

33,200

16,560

All dollar values are in thousands

Calculate each of the following ratios for all three companies: (1) current ratio (2) quick ratio (3) inventory turnover (4) accounts receivable turnover (5) total asset turnover (6) average age of inventory (7) average collection period

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions