Analyze and explain the data presented. 1.26$248,357,000P196,719,000Current Ratio1.06254,511,000P239,957,000Current AssetsCurrent Liabilities0.879248,357,000977,120,000$196,719,000Acid Ratio0.76Current AssetsP254,511,000972,056,000P239,957,000InventoryCurrent LiabilitiesAsset Management RatiosInventory Turnover Ratio3.603.92P259,593,000$302,612,00077,120,000Cost of SalesInventory72,056,000Accounts Receivable Turnover Ratio4.95%P377,149,000976,222,0006.99%9475,931,000968,109,000Net SalesAverage Accounts Receivable40.60%P377,149,00053.43%9475,931,000P890,766,000Fixed Assets Turnover RatioNet SalesAverage Fixed Assets9929,014,000

Financial ratio analysis helps the investors in interpreting the company’s overall performance from…

1.06 $254,511,000 P239,957,000 Current Ratio 1.26 Current Assets 9248,357,000 Current Liabilities $196,719,000 Acid Ratio 0.76 0.87 Current Assets $254,511,000 9248,357,000 Inventory 972,056,000 P239,957,000 977,120,000 P196,719,000 Current Liabilities Asset Management Ratios Inventory Turnover Ratio Cost of Sales 3.60 $259,593,000 72,056,000 3.92 9302,612,000 77,120,000 Inventory 4.95% P377,149,000 976,222,000| Accounts Receivable Turnover Ratio 6.99% 9475,931,000 968,109,000 Net Sales Average Accounts Receivable 40.60% P377,149,000 9929,014,000 Fixed Assets Turnover Ratio 53.43% 9475,931,000 9890,766,000 Net Sales Average Fixed Assets

1.06 $254,511,000 P239,957,000 Current Ratio 1.26 Current Assets 9248,357,000 Current Liabilities $196,719,000 Acid Ratio 0.76 0.87 Current Assets $254,511,000 9248,357,000 Inventory 972,056,000 P239,957,000 977,120,000 P196,719,000 Current Liabilities Asset Management Ratios Inventory Turnover Ratio Cost of Sales 3.60 $259,593,000 72,056,000 3.92 9302,612,000 77,120,000 Inventory 4.95% P377,149,000 976,222,000| Accounts Receivable Turnover Ratio 6.99% 9475,931,000 968,109,000 Net Sales Average Accounts Receivable 40.60% P377,149,000 9929,014,000 Fixed Assets Turnover Ratio 53.43% 9475,931,000 9890,766,000 Net Sales Average Fixed Assets

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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