O Question 7 of 7 Corsig Corporation had the following comparative current assets and current abilities Current assets C

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O Question 7 Of 7 Corsig Corporation Had The Following Comparative Current Assets And Current Abilities Current Assets C 1 (27.16 KiB) Viewed 5 times

O Question 7 Of 7 Corsig Corporation Had The Following Comparative Current Assets And Current Abilities Current Assets C 2 (25.36 KiB) Viewed 5 times

O Question 7 Of 7 Corsig Corporation Had The Following Comparative Current Assets And Current Abilities Current Assets C 3 (20.46 KiB) Viewed 5 times

O Question 7 of 7 Corsig Corporation had the following comparative current assets and current abilities Current assets Cash Debt investments Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accounts payable Salaries and wages payable Income tax payable C Dec. 31, 2021 $25,000 40,000 60,000 110,000 35,000 $270,000 $120,000 40,000 10,000 Dec 31, 2020 $30,000 10,000 90,000 90,000 25,000 $245.000 $110.000 30.000 15.000 ZALL 200 DELL 4/6 1 MILAGYA 18.PH
Question 7 of 7 (a) These pyst Total current liabilities e During 2021, net credit sales and cost of goods sold were $570,000 ind $350.000, respectively Net cash provided by operating activities for 2021 was $140,000 Your answer is correct. 10.000 $170,000 Compute current ratio for 2021. (Round answer to 2 decimal places, eg 2.25) Current ratio eTextbook and Medial $155.000 1.59:1 4/6 1 MIKROTA
(c) receivable turnover for 2021. (Round answer to 1 decimal place, 52) Accounts receivable turnover eTextbook and Media Compute inventory turnover for 2021. (Round answer to 1 decimal place, g 5.2.) Inventory turnover 76 times eTextbook and Media times Attempts 1 of 3 used