Business, 30.03.2020 21:14 gabbylinton1113

Account balances at the beginning of the year were: accounts receivable, $25,000; and inventory, $60,000. All sales were on account. Required: Compute the following financial data and ratios: 1. Working capital. 2. Current ratio. 3. Acid-test ratio. 4. Debt-to-equity ratio. Times interest earned ratio. 6. Average collection period. 7. Average sale period. 8. Operating cycle.

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Account balances at the beginning of the year were: accounts receivable, $25,000; and inventory, $60...

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