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Calculate the ratios for the following problem (answer in the yellow): ...

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Accounting

Calculate the ratios for the following problem (answer in the yellow):

12/31/20x5 12/31/20x4 12/31/20x3
Assets:
Cash $ 1,120,000 $ 990,000
Accounts Receivable 156,000 176,000 350,000
Marketable Securities 157,000 110,000
Inventory 478,000 345,000 278,000
Equipment (net) 1,670,000 1,600,000
Liablities:
Accounts Payable $ 755,000 $ 640,000
Wages Payable 132,000 120,000
Notes Payable (Long-Term) 220,000 200,000
20x5 20x4
Net Sales $ 2,100,000 $ 2,500,000
Cost of Goods Sold 1,470,000 1,750,000
Problem 12-6 - Ratios Summary 20x5 20x4
Current Ratio
Acid-Test Ratio
Inventory Turnover Ratio
Days to Sell Average Inventory
Accounts Receivable Turnover
Average Collection Period for A/R

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