The following ratios and other data pertain to the financial statements of the prever Company for the year ended December 31, 2019. Current ratio 1.75 to 1 Acid-test ratio 1.27 to 1 Working capital Fixed assets to equity ratio Inventory turnover (based on cost of closing inventory) Gross profit percentage Earnings per share Average age of outstanding accounts receivable (based P33,000 0.625 to 1 4X 40% PO.50 of 365 days) on calendar Share capital outstanding year 73 days 20,000 no par
The following ratios and other data pertain to the financial statements of the prever Company for the year ended December 31, 2019. Current ratio 1.75 to 1 Acid-test ratio 1.27 to 1 Working capital Fixed assets to equity ratio Inventory turnover (based on cost of closing inventory) Gross profit percentage Earnings per share Average age of outstanding accounts receivable (based P33,000 0.625 to 1 4X 40% PO.50 of 365 days) on calendar Share capital outstanding year 73 days 20,000 no par
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 82E
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