Reference no: EM133174483
Question - Nokia Corporation had extracted the following selected information from its 2021 financial statements:
2021
Sales 690,000
Accrued liabilities 24,000
Cost of goods sold 40% of Sales
Current assets 215,000
Operating expenses 180,000
Property and equipment 900,000
Accounts receivable 75,000
Other noncurrent assets 160,000
Accounts payable 50,000
Current liabilities 140,000
Inventory 85,000
Noncurrent liabilities 200,000
Note: The Company uses a 360-day year for purposes of ratio analysis.
Required -
1. What is the amount of operating income?
2. What is the amount of total equity?
3. If there are three items under current assets, what is the amount cash?
4. What is the quick ratio in decimals?
5. What is the receivable turnover?
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