The following information applies to Markham Company:
Additional information: Net credit sales equal $220,000 and beginning accounts receivable were $11,000.Required:Compute Markham's:(a)Quick ratio(b)Current ratio(c)Working capital(d)Accounts receivable turnover(e)Average days to collect receivables
Round your answers to two decimal places.

Question

The following information applies to Markham Company:
  Additional information: Net credit sales equal $220,000 and beginning accounts receivable were $11,000.Required:Compute Markham's:(a)Quick ratio(b)Current ratio(c)Working capital(d)Accounts receivable turnover(e)Average days to collect receivables
Round your answers to two decimal places.

Quizplus · Accepted Answer

The Answer of The following information applies to Markham Company:
  Additional information: Net credit sales equal $220,000 and beginning accounts receivable were $11,000.Required:Compute Markham's:(a)Quick ratio(b)Current ratio(c)Working capital(d)Accounts receivable turnover(e)Average days to collect receivables
Round your answers to two decimal places.

The Following Information Applies to Markham Company