Question 6- fin ancial ratiosFor each of the following scenarios, compute the financial ratios and interpret their meanings.(a)>Based on the following information related to Tim Company, compute its acid-test ratio and-interpret its meaning. →Inventories230,500Accounts receivable124,520Prepaid expenses96,100Short-term investments150,000Cash$9,500Total current Assets$610,620Accounts payableNote payable64,00057,900Unearned revenue$90,000Total current liabilities$211.900(b)>Based on the following information related to Quintin Incorporated, compute its inventoryturnover and interpret its meaning.→ →Purchase inventory during the year3,600,000Cost of goods soldEnding Inventory4,320,1001,987,600.-分頁符號。

Ratio analysis means where different ratio of various years of years companies has been compared and…

Question 6- financial ratios For each of the following scenarios, compute the financial ratios and interpret their meanings. (a)•Based on the following information related to Tim Company, compute its acid-test ratio and interpret its meaning. Inventories 230,500 124,520 96,100 150,000 Accounts receivable Prepaid expenses Short-term investments Cash $9,500 Total current Assets $610,620 Accounts payable Note payable 64,000 57,900 Unearned revenue $90,000 Total current liabilities $211.900 (b)>B ased on the following information related to Quintin Incorporated, compute its inventory turnover and interpret its meaning.- Purchase inventory during the year Cost of goods sold Ending Inventory 3,600,000 4,320,100 1,987,600 .分頁符號。

Question 6- financial ratios For each of the following scenarios, compute the financial ratios and interpret their meanings. (a)•Based on the following information related to Tim Company, compute its acid-test ratio and interpret its meaning. Inventories 230,500 124,520 96,100 150,000 Accounts receivable Prepaid expenses Short-term investments Cash $9,500 Total current Assets $610,620 Accounts payable Note payable 64,000 57,900 Unearned revenue $90,000 Total current liabilities $211.900 (b)>B ased on the following information related to Quintin Incorporated, compute its inventory turnover and interpret its meaning.- Purchase inventory during the year Cost of goods sold Ending Inventory 3,600,000 4,320,100 1,987,600 .分頁符號。

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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