Selected balances from a company's financial statements are shown below:

Use the information above to calculate the following current year ratios:
(a) 2010 Inventory turnover.
(b) Days' sales uncollected at Dec. 31, 2010.
(c) 2010 Profit margin.
(d) 2010 Return on total assets.

Question

Selected balances from a company's financial statements are shown below:

Use the information above to calculate the following current year ratios:
(a) 2010 Inventory turnover.
(b) Days' sales uncollected at Dec. 31, 2010.
(c) 2010 Profit margin.
(d) 2010 Return on total assets.

Quizplus · Accepted Answer

The Answer of Selected balances from a company's financial statements are shown below:

Use the information above to calculate the following current year ratios:
(a) 2010 Inventory turnover.
(b) Days' sales uncollected at Dec. 31, 2010.
(c) 2010 Profit margin.
(d) 2010 Return on total assets.

Selected Balances from a Company's Financial Statements Are Shown Below