Example: ABC company have the following information for 2008, 2009 2008 2009 Cash 28538 50450...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Example: ABC company have the following information for 2008, 2009 2008 2009 Cash 28538 50450 Prepaid expenses 20500 25000 A/R 50000 60000 Allowance of A/R 10000 10000 Net sales 650500 750500 Tax payable 11038 50000 Inventory at ending 70000 90000 COGS 520000 580000 Required: A) Compute the following ratie for 2009 1) A/R turnover in days. 2) Inventory turnover in days. 3) Operating cycle ratio. 4) Working capital ratio. 5) Sales to working ratio. B) Comment for all the above results
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
