Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate the following liquidity ratios for 2020,

Calculate the following liquidity ratios for 2020, (Round overage collection period to 0 decimal place,...

80.2K

Verified Solution

Question

Accounting

image
image
image
Calculate the following liquidity ratios for 2020, (Round overage collection period to 0 decimal place, eg. 25 and inventory turnover ratio to 2 dedmal places, es. 5.12 Use 365 days for calculation.) a. Average collection period days b. Inventory turnover times Comparative Balance Sheet As of December 31 Assets Current assets Cash 20202019 Accounts receivable, net Inventory Other current assets Total current assets Property, plant, \& equipment, net Total assets Liabilities and Stockholders' Equity Matthias Medical Comparative Income Statement and Statement of Retained Earnings For the Year Sales revenue (all on account) Cost of goods sold Gross profit $10,177,200$9,613,900 Operating expenses Net operating income Interest expense Net income before taxes 4,765,4005,411,8004,315,2005,298,700 Income taxes (30%) Net income Dividends paid 1,865,5002,899,9001,681,1002,634,100 Unknown environment 'tabular'

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Find the series solution of the following equation x(d^2y/dx^2+(1-x)dy/dx+ny=0. where n=0,1,2

Mechanical Engineering
1.2K views

1. How much energy(kJ) is required to vaporize 10 kg of water at 500 kPa? 2. What...

Physics
1.2K views

21 Alternating current is flowing in inductance L and resistance R The frequency of source...

Physics
1.2K views

A battery of emf E is connected across a conductor as shown as one observe...

Physics
1.2K views

An earthquake generates both transverse S and longitudinal P sound waves in the earth The...

Calculus
1.2K views

show and and that seventh term 1 243 find them geometric sequence with first term...

Algebra
1.2K views

Given that sin 8 sin 20 Question 1 5 5 7 Part 1 of 2...

Accounting
1.2K views

Forecast Sales Volume and One of the major elements of the income statement budget that...

Accounting
1.2K views

Year 1 S64- Monthly...

Accounting
1.2K views

Variable Costing, Absorption Costing During its first year of operations, Snobegon, Inc. (located in Lake...

Accounting
1.2K views

Which of the following statements is true? Multiple Choice When the units produced are less...

Accounting
1.2K views

deleted