Problem 12-4B Calculate risk ratios (LO12-3) The following income statement and balance sheets for The...
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Problem 12-4B Calculate risk ratios (LO12-3) The following income statement and balance sheets for The Athletic Attic are provided. Required: Assuming that all sales were on account, calculate the following risk ratios for 2021. (Use 365 days a year. Round your intermediate and final answers to 1 decimal place.) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Risk Ratios } \\ \hline 1. & Receivables turnover ratio & times \\ \hline 2. & Average collection period & days \\ \hline 3. & Inventory turnover ratio & times \\ \hline 4. & Average days in inventory & days \\ \hline 5. & Current ratio & to 1 \\ \hline 6. & Acid-test ratio & to 1 \\ \hline 7. & Debt to equity ratio & % \\ \hline 8. & Times interest earned ratio & times \\ \hline \end{tabular}
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Problem 12-4B Calculate risk ratios (LO12-3) The following income statement and balance sheets for The Athletic Attic are provided. Required: Assuming that all sales were on account, calculate the following risk ratios for 2021. (Use 365 days a year. Round your intermediate and final answers to 1 decimal place.) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Risk Ratios } \\ \hline 1. & Receivables turnover ratio & times \\ \hline 2. & Average collection period & days \\ \hline 3. & Inventory turnover ratio & times \\ \hline 4. & Average days in inventory & days \\ \hline 5. & Current ratio & to 1 \\ \hline 6. & Acid-test ratio & to 1 \\ \hline 7. & Debt to equity ratio & % \\ \hline 8. & Times interest earned ratio & times \\ \hline \end{tabular} 