Question 6- financial ratios For each of the following scenarios, compute the financial ratios and interpret their meanings. (a)•Based on the following information related to Tim Company, compute its acid-test ratio and interpret its meaning. Inventories 230,500 124,520 96,100 150,000 Accounts receivable Prepaid expenses Short-term investments Cash $9,500 Total current Assets $610,620 Accounts payable Note payable 64,000 57,900 Unearned revenue $90,000 Total current liabilities $211.900 (b)>B ased on the following information related to Quintin Incorporated, compute its inventory turnover and interpret its meaning.- Purchase inventory during the year Cost of goods sold Ending Inventory 3,600,000 4,320,100 1,987,600 .分頁符號。
Question 6- financial ratios For each of the following scenarios, compute the financial ratios and interpret their meanings. (a)•Based on the following information related to Tim Company, compute its acid-test ratio and interpret its meaning. Inventories 230,500 124,520 96,100 150,000 Accounts receivable Prepaid expenses Short-term investments Cash $9,500 Total current Assets $610,620 Accounts payable Note payable 64,000 57,900 Unearned revenue $90,000 Total current liabilities $211.900 (b)>B ased on the following information related to Quintin Incorporated, compute its inventory turnover and interpret its meaning.- Purchase inventory during the year Cost of goods sold Ending Inventory 3,600,000 4,320,100 1,987,600 .分頁符號。
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 33CE: Liquidity Ratios NWAs financial statements contain the following information: Note: Round answers to...
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