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What is the accounts receivable turnover

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Balance Sheet: 2010 2009

Cash $27,000 $33,000

Short-term investments 22,000 28,000

Net receivables 54,000 72,000

Inventory 65,000 42,000

Prepaid expenses 7,000 9,000

Total current assets 175,000 184,000

Total current liabilities 87,500 92,000

Income Statement:

Net credit sales $554,800

Cost of goods sold 331,700

1. What is the current ratio for 2010?

2. What is the quick ratio for 2010?

3. What is the inventory turnover for 2010?

4. What is the accounts receivable turnover for 2010?

Please show all your work, not just the answer.

Reference no: EM131804678

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