7 How much cash does National have on its balance sheet?Sample format: 11,111National Co. has the following relationships:Annual salesCurrent liabilitiesP1,200,000.00P 375,000.0040.004.80Days sales outstanding (DSO) (365-day year)(based on AR, end)Inventory turnover ratio (based on sales)Current ratio1.20The company's current assets consist of cash, inventories, and accounts receivable.

Current ratio = Current assets Current liabilities 1.20 = Current assets…

How much cash does National have on its balance sheet? * Sample format: 11,111 National Co. has the following relationships: P1,200,000.00 P 375,000.00 40.00 4.80 1.20 Annual sales Current liabilities Days sales outstanding (DSO) (365-day year)(based on AR, end) Inventory turnover ratio (based on sales) Current ratio The company's current assets consist of cash, inventories, and accounts receivable.

How much cash does National have on its balance sheet? * Sample format: 11,111 National Co. has the following relationships: P1,200,000.00 P 375,000.00 40.00 4.80 1.20 Annual sales Current liabilities Days sales outstanding (DSO) (365-day year)(based on AR, end) Inventory turnover ratio (based on sales) Current ratio The company's current assets consist of cash, inventories, and accounts receivable.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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