Compute the ratios for 2017 in terms of accounts receivable turnover. Choose... + Compute the ratios for 2017 in terms of inventory turn over. Choose... + Compute the ratios for 2017 in terms of acid-test ratio. Choose... + Compute the ratios for 2017 in terms of current ratio. Choose.. • Act
Compute the ratios for 2017 in terms of accounts receivable turnover. Choose... + Compute the ratios for 2017 in terms of inventory turn over. Choose... + Compute the ratios for 2017 in terms of acid-test ratio. Choose... + Compute the ratios for 2017 in terms of current ratio. Choose.. • Act
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![2017
2016
Cash
5300
3700
Account Receivable
21200
23400
Inventory
9000
7000
Land
20000
26000
Building
70000
70000
Accumated depreciation-building
-15000
-10000
Accounts payable
10370
31100
Common stocks
75000
69000
Retained earnings
25130
20000
XYZ Company 2017 Income statement included net sales of Php 120,000, cost of good
sold of Php 70,000 and net income of Php 14,000.
Compute the ratios for 2017 in terms of accounts receivable turnover.
Choose... +
Compute the ratios for 2017 in terms of inventory turn over.
Choose... +
Compute the ratios for 2017 in terms of acid-test ratio.
Choose... +
Compute the ratios for 2017 in terms of current ratio.
Choose.. + Activate V
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Transcribed Image Text:2017
2016
Cash
5300
3700
Account Receivable
21200
23400
Inventory
9000
7000
Land
20000
26000
Building
70000
70000
Accumated depreciation-building
-15000
-10000
Accounts payable
10370
31100
Common stocks
75000
69000
Retained earnings
25130
20000
XYZ Company 2017 Income statement included net sales of Php 120,000, cost of good
sold of Php 70,000 and net income of Php 14,000.
Compute the ratios for 2017 in terms of accounts receivable turnover.
Choose... +
Compute the ratios for 2017 in terms of inventory turn over.
Choose... +
Compute the ratios for 2017 in terms of acid-test ratio.
Choose... +
Compute the ratios for 2017 in terms of current ratio.
Choose.. + Activate V
Go to Settinc
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