Business, 25.09.2021 15:10 dinarussell74
The following information is available about Marne Company for 2010. All sales are on credit. Average cash and marketable securities = $1 million EBIT = $2 million Average inventory = $5 million COGS = $15 million Average accounts payable = $3 million Long-term bonds = $8 million Average accounts receivable = $3 million Coupon rate on bonds = 10% Total Sales = $20 million Find its (A) Inventory turnover ratio (B) Number of days sales outstanding (C) Interest coverage ratio (D) Current ratio (E) Quick ratio
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The following information is available about Marne Company for 2010. All sales are on credit. Averag...
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