Vasconcelos 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 ratio.
d. Accounts receivable turnover.
e. Average collection period.
f. Inventory turnover.
g. Average sale period.

Question

Vasconcelos 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 ratio.
d. Accounts receivable turnover.
e. Average collection period.
f. Inventory turnover.
g. Average sale period.

Quizplus · Accepted Answer

The Answer of Vasconcelos 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 ratio.
d. Accounts receivable turnover.
e. Average collection period.
f. Inventory turnover.
g. Average sale period.

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