Please do all ratios otherwise I downvote the answer Problem 3RequiredThe following information related to the business of Snorlax Company, and the owneris concerned about the profitability and financial structure of his business at 2018especially since the bank is requireing repayment of the business' overdraft20172018Revenue (sales on credit)P105,000 P140,00099,500Cost of SalesP68,500 POther ExpensesP28,000 P36,500Cash and cash equivalentsP28,000 P20,000InventoriesP37,000 P50,000Trade accounts receivableP28,000 P50,000Non-current assetsP46,000 P47,000P109,000 P108,500Trade accounts payableSnorlax, CapitalP30,000 P35,500Non-current liabilitiesPP23,000Inventory at 2016 wasP 22,500Calculate the following ratios for 2017 and 20181 Current Ratio2 Quick Ratio3 Debt Ratio4 Return on Sales5 Inventory Turnover Ratio

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Problem 3 Required The following information related to the business of Snorlax Company, and the owner is concerned about the profitability and financial structure of his business at 2018 especially since the bank is requireing repayment of the business' overdraft 2017 2018 Revenue (sales on credit) P 105,000 P 140,000 Cost of Sales P 68,500 P 99,500 Other Expenses P 28,000 P 36,500 Cash and cash equivalents P 28,000 P 20,000 Inventories P 37,000 P 50,000 Trade accounts receivable P 28,000 P 50,000 Non-current assets P 46,000 P 47,000 P 109,000 P 108,500 Trade accounts payable Snorlax, Capital P 30,000 P 35,500 Non-current liabilities P P 23,000 Inventory at 2016 was P 22,500 Calculate the following ratios for 2017 and 2018 1 Current Ratio 2 Quick Ratio 3 Debt Ratio 4 Return on Sales 5 Inventory Turnover Ratio

Problem 3 Required The following information related to the business of Snorlax Company, and the owner is concerned about the profitability and financial structure of his business at 2018 especially since the bank is requireing repayment of the business' overdraft 2017 2018 Revenue (sales on credit) P 105,000 P 140,000 Cost of Sales P 68,500 P 99,500 Other Expenses P 28,000 P 36,500 Cash and cash equivalents P 28,000 P 20,000 Inventories P 37,000 P 50,000 Trade accounts receivable P 28,000 P 50,000 Non-current assets P 46,000 P 47,000 P 109,000 P 108,500 Trade accounts payable Snorlax, Capital P 30,000 P 35,500 Non-current liabilities P P 23,000 Inventory at 2016 was P 22,500 Calculate the following ratios for 2017 and 2018 1 Current Ratio 2 Quick Ratio 3 Debt Ratio 4 Return on Sales 5 Inventory Turnover Ratio

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter2: The Accounting Information System

Section: Chapter Questions

Problem 64.1C

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