Homework Answers
a
| Current ratio = current assets/current liablities |
| Current ratio = 72000/69000 |
| Current ratio = 1.04 |
| Quick or acid test ratio = (current assets-inventory)/current liablities |
| Quick or acid test ratio = (72000-45500)/69000 |
| Quick or acid test ratio = 0.38 |
| Inventory turnover = COGS/inventory |
| Inventory turnover = 106000/45500 |
| Inventory turnover = 2.33 |
| Accounts payables turnover = purchases/payables |
| Accounts payables turnover = 106000/22000 |
| Accounts payables turnover = 4.82 |
| days of payables outstanding = number of days in a year/accounts payable turnover |
| days of payables outstanding = 365/4.82 |
| days of payables outstanding = 75.73 |
| Please ask remaining parts seperately |
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just all the info provided in the book
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