ACC 201 week 5 assignment 1

Current assets – Current liabilities
250,000 – 151,800 = 98,200
217,000 – 121,000 = 96,000
Current assets ÷ Current liabilities
250,000 ÷ 151,800 = 1.65 : 1
217,000 ÷ 121,000 = 1.79 : 1
Quick assets ÷ Current liabilities
90,000 ÷ 151,800 = 0.59 : 1
64,000 ÷ 121,000 = 0.53 : 1
Net sales ÷ Average accounts receivables
230,000 ÷ 50,000 = 4.60 times
210,000 ÷ 46,500 = 4.52 times
365 ÷ Turnover (d.)
  365 ÷ 4.60 = 79 days
  365 ÷ 4.52 =81 days
Cost of goods sold ÷ Avg. inventory
120,000 ÷ 139,000 = 0.86 times
103,000 ÷ 141,500 = 0.73 times
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