Reference no: EM132462766
a) Inventory Turnover
Sales $750,000
Cost of Goods Sold $473,000
Merchandise Inventory
Beginning of year $40,000
End of Year $44,000
Merchandise Inventory Turnover ______________?___________
b) Working Capital & Current Ratio
June 30,2018 Current Assets are $650,000
June 30, 2018 Current Liabilities are $250,000
Issued long term note to the bank for $80,000 cash
Before the Transaction After the Transaction
1 Working Capital $400,000 $480,000
2 Current Ratio ______?_______ _________?_________
Question Directions: Compute the following ratios based on the information below
Current Assets $850,000
Long-Term Assets(net) 2,200,000
Total Assets $3,050,000
Current Liabilities $650,000
Long-Term Liabilities 1,500,000
Total Liabilities 2,150,000
Common Stock and Retained Earnings 900,000
Total Liabilities and Stockholders' equity $3,050,000
Point : Working Capital ________________ ?
Point : Current Ratio ________________ ?
Point : Debt to Assets Ratio _________________ ?
Point : Debt to Equity Ratio ___________________ ?
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