Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the defensive...
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Accounting
Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the defensive interval ratio (note that all current asset accounts are listed). Present your answer to two decimal places. e.g. 20.00.
2015
Cash & marketable securities
$146
Accounts receivable
$356
Inventory
$456
Total other current assets
$248
Fixed assets (net)
$1,086
Intangible assets
$249
Long-term investments
$324
Sales
$1,988
Cost of goods sold
$1,057
Cash operating expenses
$648
Depreciation expenses
$377
Interest expenses
$156
Gain on sale of asset
$131
Tax expenses
$183
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