Wegener Corporation's most recent balance sheet and income statement appear below:
Required:
Compute the following for Year 2:
a.Working capital.
b.Current ratio.
c.Acid-test (quick)ratio.
d.Accounts receivable turnover.
e.Average collection period.
f.Inventory turnover.
g.Average sale period.

Question

Wegener Corporation's most recent balance sheet and income statement appear below:
   Required:
Compute the following for Year 2:
a.Working capital.
b.Current ratio.
c.Acid-test (quick)ratio.
d.Accounts receivable turnover.
e.Average collection period.
f.Inventory turnover.
g.Average sale period.

Quizplus · Accepted Answer

The Answer of Wegener Corporation's most recent balance sheet and income statement appear below:
   Required:
Compute the following for Year 2:
a.Working capital.
b.Current ratio.
c.Acid-test (quick)ratio.
d.Accounts receivable turnover.
e.Average collection period.
f.Inventory turnover.
g.Average sale period.

Wegener Corporation's Most Recent Balance Sheet and Income Statement Appear