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Required Calculate Airspace's liquidity and efficiency ratios for 2023 and 2022. (Round she final answers to 2 decimal places. Use 365 days a year) Canetrate Quick re Accounts receivable fumever Days as unclected Inventory tumover Days sales in wentary Total ant tumover Accounts payable turnover Habe Curta Quck se Accounts receivable bumover Day sales uncollected ye Days asentory 2011 tatt Accounts over 1 1 Analysis Component Identify whether the change in each ratio from 2022 to 2023 was favourable or unfavourable Tourat Unfavoura te days days me www tres days

Required Calculate Airspace's liquidity and efficiency ratios for 2023 and 2022. (Round she final answers to 2 decimal places. Use 365 days a year) Canetrate Quick re Accounts receivable fumever Days as unclected Inventory tumover Days sales in wentary Total ant tumover Accounts payable turnover Habe Curta Quck se Accounts receivable bumover Day sales uncollected ye Days asentory 2011 tatt Accounts over 1 1 Analysis Component Identify whether the change in each ratio from 2022 to 2023 was favourable or unfavourable Tourat Unfavoura te days days me www tres days

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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8 m Required: Calculate Airspace's liquidity and efficiency ratios for 2023 and 2022. (Round the final answers to 2 decimal places. Use 365 days a year) Carendrato Quick rate Accounts receivabe tumever Days' sales uncodected Inventary tumover Days' sales in inventary Totalaneumover Accounts payable turnover do Cumentatio Quick rate Accounts receivable bumover 2023 Day sales uncollected try tumover Days sales in inventory Tatal at tanover Accounts payabsurov 1 1 times days days me Analysis Component: Idensfy whether the change in each ratio from 2022 to 2023 was favourable or unfavourable 11 tres days tres days mes Imes Tavouratec Unfavourab
Transcribed Image Text:8 m Required: Calculate Airspace's liquidity and efficiency ratios for 2023 and 2022. (Round the final answers to 2 decimal places. Use 365 days a year) Carendrato Quick rate Accounts receivabe tumever Days' sales uncodected Inventary tumover Days' sales in inventary Totalaneumover Accounts payable turnover do Cumentatio Quick rate Accounts receivable bumover 2023 Day sales uncollected try tumover Days sales in inventory Tatal at tanover Accounts payabsurov 1 1 times days days me Analysis Component: Idensfy whether the change in each ratio from 2022 to 2023 was favourable or unfavourable 11 tres days tres days mes Imes Tavouratec Unfavourab
8 cececes Refes the folicing table. Airspace Technologies Inc. tive Balance Sheet Information November 30 (millions of $) Cash Accounts receivable (net) Inventory Prepaid rent Plant and equipment (net) Accounts payable Accrued liabilities Income tax payable Preferred shares Common shares Retained earnings Net sales Cost of goods sold Gross profit Operating expenses: 2023 $81 130 212 92 920 116 Depreciation expense Other expenses Total operating expenses Profit from operations Interest expense Income tax expense Profit Airspace Technologies Inc. Income Statement 104 37 For Year Ended November 30 (millions of $) 140 260 618 $ 2023 $1,600 556 $1,044 88 520 608 $ 436 57 64 $315 2022 $32 68 248 56 868 73 140 25 148 260 574 2022 $1,384 484 $ 900 $ 88 364 452 $448 47 66 $ 335 2021 5.44 56 208 44 836 63 97 32 140 260 616 330880
Transcribed Image Text:8 cececes Refes the folicing table. Airspace Technologies Inc. tive Balance Sheet Information November 30 (millions of $) Cash Accounts receivable (net) Inventory Prepaid rent Plant and equipment (net) Accounts payable Accrued liabilities Income tax payable Preferred shares Common shares Retained earnings Net sales Cost of goods sold Gross profit Operating expenses: 2023 $81 130 212 92 920 116 Depreciation expense Other expenses Total operating expenses Profit from operations Interest expense Income tax expense Profit Airspace Technologies Inc. Income Statement 104 37 For Year Ended November 30 (millions of $) 140 260 618 $ 2023 $1,600 556 $1,044 88 520 608 $ 436 57 64 $315 2022 $32 68 248 56 868 73 140 25 148 260 574 2022 $1,384 484 $ 900 $ 88 364 452 $448 47 66 $ 335 2021 5.44 56 208 44 836 63 97 32 140 260 616 330880
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