Requirement 1.a.
To Compute: The
Requirement 1.b.
To Compute: The quick (acid-test) ratio for C News Incorporation for the year 2015 and 2016.
Requirement 1.c.
To Compute: The inventory turnover and days’ inventory outstanding (DIO) for C News Incorporation for the year 2015 and 2016.
Requirement 1.d.
To Compute: The
Requirement 1.e.
To Compute: The days’ sales outstanding for C News Incorporation for the year 2015 and 2016.
Requirement 1.f.
To Compute: The accounts payable turnover and days’ payable outstanding (DPO) for C News Incorporation for the year 2015 and 2016.
Requirement 1.g.
To Compute: The cash conversion cycle (in days) for C News Incorporation for the year 2015 and 2016.
Requirement 2
To Comment: Whether the above calculated ratios of 2016 has improved or deteriorated from 2015.
Requirement 3
To Mention: The necessary improvements needed in next year.
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Chapter 13 Solutions
EBK FINANCIAL ACCOUNTING
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