current assets: cash $ 188 $ 100 accounts receivable, net 218 218 inventory 168 158 prepaid expenses 118 118 total current assets $ 692 $ 594 current liabilities: accounts payable $ 228 $ 208 accrued liabilities 58 58 notes payable, short term 118 108 total current liabilities $ 404 $ 374 sales on account during the year totaled $1,340 thousand. cost of goods sold was $940 thousand. required: compute the following for year 2: a. working capital. (enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.) b. current ratio. (round your answer to 2 decimal places.) c. acid-test (quick) ratio. (round your answer to 2 decimal places.) d. accounts receivable turnover. (round your answer to 2 decimal places.) e. average collection period. (use 365 days in a year. round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) f. inventory turnover. (round your answer to 2 decimal places.) g. average sale period. (use 365 days in a year. round your interme



Answer :

Other Questions