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The following items are reported on a company's financial statements for 2015 and 2016:
($ in Thousands) 2015 2016
Cash $290 $300
Short-term investments 100 100
Receivables (net) 160 200
Inventory 140 160
Accounts payable 350 400
Sales 1740 1800
Cost of goods sold 1120 1200
Determine the following measures for 2016:
a. Current ratio
b. Accounts receivable turnover
c. Quick ratio
d. Inventory turnover
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The following items are reported on a company's financial statements for 2015 and 2016:
($ in Thous...
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