Calculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places e.g. 2.66. Round receivables turnover and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to O decimal places e.g. 1,266. Enter working capital amounts in thousands e.g. 525.) Working capital Current ratio Receivables turnover 2021 539 1.61 6.7 :1 times 2020 485 1.59 7.2 :1 times

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Current assets
Cash
Trading investments
Accounts receivable, net
Inventory
Prepaid expenses
Total current assets
Total current liabilities
Additional information:
(in thousands)
$30 $ 91 $ 60
Credit sales
Cost of goods sold
Allowance for doubtful accounts
55
671
624
41
$ 1,421
882
2021
60
582
2,909
526
52
2020
40
$ 1,311
$ 1,208
$ 826 $ 756
3,901
498
2,645
581
29
$ 50 $ 45 $ 40
4,175
3,733
2,364
2019
Transcribed Image Text:Current assets Cash Trading investments Accounts receivable, net Inventory Prepaid expenses Total current assets Total current liabilities Additional information: (in thousands) $30 $ 91 $ 60 Credit sales Cost of goods sold Allowance for doubtful accounts 55 671 624 41 $ 1,421 882 2021 60 582 2,909 526 52 2020 40 $ 1,311 $ 1,208 $ 826 $ 756 3,901 498 2,645 581 29 $ 50 $ 45 $ 40 4,175 3,733 2,364 2019
Calculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places e.g. 2.66. Round receivables turnover
and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to O decimal places e.g. 1,266. Enter
working capital amounts in thousands e.g. 525.)
Working capital
Current ratio
Receivables turnover
Collection period
Inventory turnover
Days sales in inventory
GA
2021
539
1.61
6.7 times
54
5.06
:1
72
days
times
days
GA
2020
485
1.59
7.2
51
4.6
79
:1
times
days
times
days
Transcribed Image Text:Calculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places e.g. 2.66. Round receivables turnover and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to O decimal places e.g. 1,266. Enter working capital amounts in thousands e.g. 525.) Working capital Current ratio Receivables turnover Collection period Inventory turnover Days sales in inventory GA 2021 539 1.61 6.7 times 54 5.06 :1 72 days times days GA 2020 485 1.59 7.2 51 4.6 79 :1 times days times days
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