- Use The Financial Data Shown Below To Calculate The Following Ratios For 2020 A Current Ratio B Quick Ratio C Acco 1 (46.46 KiB) Viewed 11 times
Use the financial data shown below to calculate the following ratios for 2020: a. Current ratio. b. Quick ratio. c. Accounts receivable turnover. d. Inventory turnover. e. Days' sales in inventory. f. Gross profit margin g. Net profit margin h. Return on investment/assets Balance sheet balances Cash Accounts receivable Inventory Equipment Total Assets Accounts payable Taxes payable Long-term notes payable 12/31/2020 $ 23,550 32,780 29,500 118,700 204,530 Income
statement amounts Revenue (credit only) Cost of Goods Sold Operating Expenses Pre-tax income Net income 34,700 5,700 53,760 299,000 195,500 67,620 35,880 25,116 12/31/2019 $ 16,230 28,600 18,900 93,450 157,180 30,900 4,950 67,400