Reference no: EM132488470
Dec 31, 2017 Dec 31, 2018
Cash $ 30,000 $ 32,000
Accounts receivable (net) 48,000 52,000
Inventory 68,000 72,000
Plant assets (net) 210,000 218,000
Total assets 405,000 395,000
Liabilities 145,000 145,000
Shareholders' equity 260,000 250,000
Net sales 340,000 400,000
Cost of goods sold 220,000 280,000
Net income 20,000 25,000
Required: From the above information, compute:
Question 1. Receivables turnover ratio
Question 2. Inventory turnover ratio
Question 3. Average collection period (rounded to one decimal place)
Question 4. The average days in inventory
Question 5. The return on assets
Question 6. Return on shareholders' equity
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