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

تمرين 8

Computing six key ratios
The financial statements of Victor's Natural Foods include the following items:

Requirement
1. Compute the following ratios for the current year:
a. Current ratio
b. Acid-test ratio
c. Inventory turnover
d. Days in inventory
e. Days' sales in receivables
f. Gross profit percentage