Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Previous Current $

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Revise Your Worksheet To Reflect These Updated Assumptions And Then Answer The Questions That Follow Previous Current 1 (33.75 KiB) Viewed 3 times

Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Previous Current $76,000 $66,000 46,000 51,000 106,000 86,000 249,700 161,000 $477,700 $364,000 Cash Accounts receivable Inventory Long-term assets Total assets Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total liabilities and stockholders' equity Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Net income Ratio Receivables turnover ratio Average collection period Inventory turnover ratio Average days in inventory Current ratio Acid-test ratio Current $430,000 232,500 Debt to equity ratio Times interest earned ratio 66,000 12,600 25, 200 $93,700 Required: 1. Use your spreadsheet to recalculate the ratios and enter your results here: (Round your answers to 2 decimal places.) Current Previous $86,000 132,000 218,000 198,000 259,700 166,000 $477,700 $364,000 times days times days to 1 to 1 % times $76,000 122,000