The Following Information Applies to Markham Company Additional Information: Net Credit Sales Equal $220,000 and Beginning Accounts
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.
Correct Answer:
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