The following selected accounts were taken from the financial records of Sonoma Valley Distributors at December X All Complete this question by entering your answers in the tabs below.
The gross profit percentage. Complete this question by entering your answers in the tabs below.
Required b
Required
Required d
Required e
Working capital. Complete this question by entering your answers in the tabs below.
Required a
Required b
Required
Required d
Required e
The current ratio.Complete this question by entering your answers in the tabs below.
Required
The inventory turnover.
accounts have normal balances.
Accounts Recelvable at December X was $ Merchandlse Inventory at December X was $ Based on the
account balances above, calculate the following:
a The gross profit percentage.
b Working capltal.
c The current ratio.
d The Inventory turnover.
e The accounts recelvable turnover. All sales were on credit.
