A retail company reports the following financial data: . • . Current Assets: $18,750 Accounts Receivable: $8,300 Cash: $5,200 Inventories: $4,800 Sales (all credit): $45,000 Cost of Goods Sold: $31,500 Total Current Liabilities: $14,200 Total Assets: $32,000 ⚫ Total Liabilities: $19,600 Compute the Current Ratio, Quick Ratio, Inventory Turnover, Accounts Receivable Turnover, and Debt Ratio.

A retail company reports the following financial data: . • . Current Assets: $18,750 Accounts Receivable: $8,300 Cash: $5,200 Inventories: $4,800 Sales (all credit): $45,000 Cost of Goods Sold: $31,500 Total Current Liabilities: $14,200 Total Assets: $32,000 ⚫ Total Liabilities: $19,600 Compute the Current Ratio, Quick Ratio, Inventory Turnover, Accounts Receivable Turnover, and Debt Ratio.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

See similar textbooks