A company partial balance accounts are presented 6. 2015 2014 $ 62,000 $ Cash 60,000...
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A company partial balance accounts are presented 6. 2015 2014 $ 62,000 $ Cash 60,000 Short-term investments 34,000 Net receivables 90,000 78,000 Inventory 250,000 300,000 Total assets 588,000 538,000 Total current lliabilities 258,000 225,000 49,000 51,000 Long term note payable Income from operations 183,000 156,000 498,000 Net credit sales 510,000 Instructions: compute the following ratios for 2015: (Show the formulas used.) Do not round and use at least 2 decimal spaces. a) Current ratio b) Acid test ratio c) Debt ratio d) Accounts receivable turnover e) Days in account receivable 5a
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