Operating profit 43-7Sales revenue 910-4Share capital and reserves 182-3Long-term borrowing 77-9Inventory 46-2Receivables 97-8Payables 51:3Calculate the following:GReturn on Cepitatemployest(i Assetturnover(ii) Current ratio(iv) Acid test (quick) ratio

Lets understand the basics. Current ratio compares current asset with current liabilities. It…

Operating profit 43-7 Sales revenue 910-4 Share capital and reserves 182-3 Long-term borrowing 77-9 Inventory 46-2 Receivables 97-8 Payables 51-3 alculate the following: (Retun on Cepitatemployest ( Asset turnover (iii) Current ratio (iv) Acid test (quick) ratio

Operating profit 43-7 Sales revenue 910-4 Share capital and reserves 182-3 Long-term borrowing 77-9 Inventory 46-2 Receivables 97-8 Payables 51-3 alculate the following: (Retun on Cepitatemployest ( Asset turnover (iii) Current ratio (iv) Acid test (quick) ratio

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4CE

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Question

Operating profit 43-7
Sales revenue 910-4
Share capital and reserves 182-3
Long-term borrowing 77-9
Inventory 46-2
Receivables 97-8
Payables 51:3
Calculate the following:
GReturn on Cepitatemployest
(i Assetturnover
(ii) Current ratio
(iv) Acid test (quick) ratio

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