Consider the following data for delta corporation at the end of 1997 ...
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Finance
Consider the following data for delta corporation at the end of 1997
| Cash 35,000 | CGS 1,600,000 |
| A/R 91,00 | NIAT 166,400 |
| Prepaid Rent 4,000 | Inventory Turnover=5 times |
| Land 90,000 | Collection Period=25 days |
| A/P Credit 105,000 | 360 days in ayear, all sales on |
Compute for the quick ratio of the company
-none
-1.1 to 1
-1.24 to 1
- 1.2 to 1
-0.33 to 1
How much is the credit sales for the year?
-1,310,400
-1,766,400
- 91,000
- none
1,328,000
How much is the inventory left?
-320,000
- none
- 8,000,000
-365,000
- 360,000
what is the net profit margin percentage?
-10%
-none
-11.57
12.59
-12.7
what is the turnover rate?
-none
-2.1 times
-2.43
-2.5
-2
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