Reference no: EM132468069
Question 1: Compute the current ratio, acid-test ratio, inventory turnover, and accounts receivable turn over, for 2019 rounded to 2 decimal places based on the following data
2019 2018
Cash 75,000 72,000
Short-term investments 32,000 30,000
Net accounts receivable 94,000 98,000
Inventory 142,000 125,000
Prepaid insurance 14,000 12,000
Total current assets $ 357,000 $ 337,000
Net credit sales 458,000 432,000
Cost of goods sold 202,000 188,000
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