Credit sales 4,175 3,974 3,689 Cost of goods sold 2,915 2,663 2,346 (a) Your answer is partially correct. Calculate all possible liquidity ratios for 2024 and 2023. (Round current ratio to 2 decimal places e.g. 2.66. Round and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to O decimal p working capital amounts in thousands e.g. 525.) 2024 Working capital $ Current ratio Receivables turnover Collection period 551 1.62 :1 SA 2023 486 1.59 :1 6.70 times 7.39 times 54.48 days 49.39 days
Credit sales 4,175 3,974 3,689 Cost of goods sold 2,915 2,663 2,346 (a) Your answer is partially correct. Calculate all possible liquidity ratios for 2024 and 2023. (Round current ratio to 2 decimal places e.g. 2.66. Round and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to O decimal p working capital amounts in thousands e.g. 525.) 2024 Working capital $ Current ratio Receivables turnover Collection period 551 1.62 :1 SA 2023 486 1.59 :1 6.70 times 7.39 times 54.48 days 49.39 days
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 46E
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