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1.06 $254,511,000 P239,957,000 Current Ratio 1.26 Current Assets 9248,357,000 Current Liabilities $196,719,000 Acid Ratio 0.76 0.87 Current Assets $254,511,000 9248,357,000 Inventory 972,056,000 P239,957,000 977,120,000 P196,719,000 Current Liabilities Asset Management Ratios Inventory Turnover Ratio Cost of Sales 3.60 $259,593,000 72,056,000 3.92 9302,612,000 77,120,000 Inventory 4.95% P377,149,000 976,222,000| Accounts Receivable Turnover Ratio 6.99% 9475,931,000 968,109,000 Net Sales Average Accounts Receivable 40.60% P377,149,000 9929,014,000 Fixed Assets Turnover Ratio 53.43% 9475,931,000 9890,766,000 Net Sales Average Fixed Assets

1.06 $254,511,000 P239,957,000 Current Ratio 1.26 Current Assets 9248,357,000 Current Liabilities $196,719,000 Acid Ratio 0.76 0.87 Current Assets $254,511,000 9248,357,000 Inventory 972,056,000 P239,957,000 977,120,000 P196,719,000 Current Liabilities Asset Management Ratios Inventory Turnover Ratio Cost of Sales 3.60 $259,593,000 72,056,000 3.92 9302,612,000 77,120,000 Inventory 4.95% P377,149,000 976,222,000| Accounts Receivable Turnover Ratio 6.99% 9475,931,000 968,109,000 Net Sales Average Accounts Receivable 40.60% P377,149,000 9929,014,000 Fixed Assets Turnover Ratio 53.43% 9475,931,000 9890,766,000 Net Sales Average Fixed Assets

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyze and explain the data presented.
1.26 $248,357,000 P196,719,000 Current Ratio 1.06 254,511,000 P239,957,000 Current Assets Current Liabilities 0.87 9248,357,000 977,120,000 $196,719,000 Acid Ratio 0.76 Current Assets P254,511,000 972,056,000 P239,957,000 Inventory Current Liabilities Asset Management Ratios Inventory Turnover Ratio 3.60 3.92 P259,593,000 $302,612,000 77,120,000 Cost of Sales Inventory 72,056,000 Accounts Receivable Turnover Ratio 4.95% P377,149,000 976,222,000 6.99% 9475,931,000 968,109,000 Net Sales Average Accounts Receivable 40.60% P377,149,000 53.43% 9475,931,000 P890,766,000 Fixed Assets Turnover Ratio Net Sales Average Fixed Assets 9929,014,000
Transcribed Image Text:1.26 $248,357,000 P196,719,000 Current Ratio 1.06 254,511,000 P239,957,000 Current Assets Current Liabilities 0.87 9248,357,000 977,120,000 $196,719,000 Acid Ratio 0.76 Current Assets P254,511,000 972,056,000 P239,957,000 Inventory Current Liabilities Asset Management Ratios Inventory Turnover Ratio 3.60 3.92 P259,593,000 $302,612,000 77,120,000 Cost of Sales Inventory 72,056,000 Accounts Receivable Turnover Ratio 4.95% P377,149,000 976,222,000 6.99% 9475,931,000 968,109,000 Net Sales Average Accounts Receivable 40.60% P377,149,000 53.43% 9475,931,000 P890,766,000 Fixed Assets Turnover Ratio Net Sales Average Fixed Assets 9929,014,000
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