
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
النسخة 16الرقم المعياري الدولي: 978-0077862381
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
النسخة 16الرقم المعياري الدولي: 978-0077862381 تمرين 61
A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows:
During the year the company earned a gross profit of $1,116,000 on sales of $2,950,000.ccounts receivable, inventory, and plant assets remained almost constant in amount throughout the year, so year-end figures may be used rather than averages.
Compute the following:
a.urrent ratio.
b.uick ratio.
c.orking capital.
d.ebt ratio.
e.ccounts receivable turnover (all sales were on credit).
f.nventory turnover.
g.ook value per share of capital stock.
During the year the company earned a gross profit of $1,116,000 on sales of $2,950,000.ccounts receivable, inventory, and plant assets remained almost constant in amount throughout the year, so year-end figures may be used rather than averages.
Compute the following:
a.urrent ratio.
b.uick ratio.
c.orking capital.
d.ebt ratio.
e.ccounts receivable turnover (all sales were on credit).
f.nventory turnover.
g.ook value per share of capital stock.
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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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