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Business
Accounting
Current assets-$8314, account receivables-$4238 ,cash-$1583, inventories-$1271, Sales (all credit)-$23373, cost of goods sold-$19097, Total current liabilities-$8669. Compute the current ratio, the quick ratio, the inventory turnover, the turnover ratio for fixed assets, the debt ratio, the return on equity

Current assets-$8314, account receivables-$4238 ,cash-$1583, inventories-$1271, Sales (all credit)-$23373, cost of goods sold-$19097, Total current liabilities-$8669. Compute the current ratio, the quick ratio, the inventory turnover, the turnover ratio for fixed assets, the debt ratio, the return on equity

Managerial Accounting: The Cornerstone of Business Decision-Making
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 6MCQ
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Financial Accounting

Current assets-$8314, account receivables-$4238 ,cash-$1583, inventories-$1271, Sales (all credit)-$23373, cost of goods sold-$19097, Total current liabilities-$8669. Compute the current ratio, the quick ratio, the inventory turnover, the turnover ratio for fixed assets, the debt ratio, the return on equity
Transcribed Image Text:Current assets-$8314, account receivables-$4238 ,cash-$1583, inventories-$1271, Sales (all credit)-$23373, cost of goods sold-$19097, Total current liabilities-$8669. Compute the current ratio, the quick ratio, the inventory turnover, the turnover ratio for fixed assets, the debt ratio, the return on equity
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