Get correct answer this financial accounting question Alpha Tech Inc. has the following financial data:•.Cash (Bank Balance): $8Accounts Receivable: $10⚫ Inventory: $7.Accounts Payable: $5.Accrued Expenses: $3Required: Calculate AlphaTech Inc.'s current ratio and interpretthe result.

Step 1: Define Current RatioThe Current Ratio is a liquidity metric that measures a company's…

Answered: Alpha Tech Inc. has the following…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities. Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $4,344,000 229,000 873,000 773,000 a. Accounts receivable b. Marketable securities c. Capital assets d. Long-term debt $ $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: ta ta ta 1.45 times 2.80 times $ $ 50 % 8 times
The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 Accounts Receivable turnover Average collection period (b) B I U T₂ T² Ix 2022 $550,000 4,300,000 2022 7.9 times lil 2021 What conclusions about the management of accounts receivable can be drawn from the accounts receivable turnover and the average collections period. € $540,000 4,000,000 2021 46.2 days 48.7 days 7.5 times W 144 144 들 3 99 = á T ¶₁
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Consider the following company’s balance sheet and income statement. For this company, calculate the following: Current ratio. Number of days’ sales in receivables. Sales to total assets.

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Alpha Tech Inc. has the following financial data: • . Cash (Bank Balance): $8 Accounts Receivable: $10 ⚫ Inventory: $7 . Accounts Payable: $5 . Accrued Expenses: $3 Required: Calculate AlphaTech Inc.'s current ratio and interpret the result.