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jDL Coroproation  Selected Financial Data as at december 21,2016 Current asset                           2,50,000$ Current Liabilities                     1,50,000$ Inventories                               60,000$ Accounts Receivable                45,000$ Revenue                                    9,50,000$ Cost of Good Sold                     6,75,000$ Note: Ignore averaging for this question JDL's Quick ratio is: 1 0.8 2.45 1.27   JDL's average collection period is: 8 days 11 days 17 days 20 days   JDL's inventory turnover is: 9.50 times 11.25 times 4.50 times 5.43 times   JDL's receivables turnover is: 24.34 times 22.56 times 21.11 times 20.11 times

jDL Coroproation  Selected Financial Data as at december 21,2016 Current asset                           2,50,000$ Current Liabilities                     1,50,000$ Inventories                               60,000$ Accounts Receivable                45,000$ Revenue                                    9,50,000$ Cost of Good Sold                     6,75,000$ Note: Ignore averaging for this question JDL's Quick ratio is: 1 0.8 2.45 1.27   JDL's average collection period is: 8 days 11 days 17 days 20 days   JDL's inventory turnover is: 9.50 times 11.25 times 4.50 times 5.43 times   JDL's receivables turnover is: 24.34 times 22.56 times 21.11 times 20.11 times

FINANCIAL ACCOUNTING
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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jDL Coroproation  Selected Financial Data as at december 21,2016

Current asset                           2,50,000$

Current Liabilities                     1,50,000$

Inventories                               60,000$

Accounts Receivable                45,000$

Revenue                                    9,50,000$

Cost of Good Sold                     6,75,000$

Note: Ignore averaging for this question

JDL's Quick ratio is:

1
0.8
2.45
1.27
 
JDL's average collection period is:
8 days
11 days
17 days
20 days
 
JDL's inventory turnover is:
9.50 times
11.25 times
4.50 times
5.43 times
 
JDL's receivables turnover is:
24.34 times
22.56 times
21.11 times
20.11 times
 
 

 

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