Activity 8-3. Liquidity RatiosYou have been asked to evaluate the liquidity position of Beardom Gym Center.The following data are provided:CashP150,00070,000Trading InvestmentsReceivables:Jan. 1Dec. 31158,000225,000Merchandise InventoryJan. 1Dec. 31250,000185,000230,0002,750,0004,800,000Current LiabilitiesCost of Goods SoldCredit SalesRequired: Calculate the following:4. Inventory turnover5. Receivable turnoverAverage age of receivables

The ratio analysis helps to analyze the financial statements of the business with regard to various…

Activity 8-3. Liquidity Ratios You have been asked to evaluate the liquidity position of Beardom Gym Cente The following data are provided: P150,000 70,000 Cash Trading Investments Receivables: Jan. 1 Dec. 31 Merchandise Inventory Jan. 1 Dec. 31 158,000 225,000 250,000 185,000 230,000 2,750,000 4,800,000 Current Liabilities Cost of Goods Sold Credit Sales Required: Calculate the following: 4. Inventory turnover 5. Receiyahle turnoxer

Activity 8-3. Liquidity Ratios You have been asked to evaluate the liquidity position of Beardom Gym Cente The following data are provided: P150,000 70,000 Cash Trading Investments Receivables: Jan. 1 Dec. 31 Merchandise Inventory Jan. 1 Dec. 31 158,000 225,000 250,000 185,000 230,000 2,750,000 4,800,000 Current Liabilities Cost of Goods Sold Credit Sales Required: Calculate the following: 4. Inventory turnover 5. Receiyahle turnoxer

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2SEA

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