Using the acid-test ratio and days' sales in receivables to evaluate a company Southside Clothiers reported the following items at September 30, 2012 (last year's-2011-amounts also given as needed): 11eb8258_953b_cff5_bb02_6be4f9dba0d1_SM1625_00 Requirement 1. Compute Southside's (a) acid-test ratio, (b) days' sales in average receivables for 2012, and (c) accounts receivable turnover ratio. Evaluate each ratio value as strong or weak. Southside sells on terms of net 30

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

تمرين 13

Using the acid-test ratio and days' sales in receivables to evaluate a company
Southside Clothiers reported the following items at September 30, 2012 (last year's-2011-amounts also given as needed):

Requirement
1. Compute Southside's (a) acid-test ratio, (b) days' sales in average receivables for 2012, and (c) accounts receivable turnover ratio. Evaluate each ratio value as strong or weak. Southside sells on terms of net 30

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1.
Compute Company S's a) acid-test rat...