Selected comparative financial statement data for Page Inc. are shown below. ...
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Accounting
Selected comparative financial statement data for Page Inc. are shown below.
PAGE INC. Statement of Financial Position (partial) December 31 (in thousands)
2021
2020
2019
Current assets
Cash
$
30
$
91
$
60
Trading investments
55
60
40
Accounts receivable, net
674
589
498
Inventory
622
528
570
Prepaid expenses
41
52
29
Total current assets
$
1,422
$
1,320
$
1,197
Total current liabilities
$
881
$
830
$
753
Additional information:
(in thousands)
2021
2020
2019
Allowance for doubtful accounts
$
50
$
45
$
40
Credit sales
4,153
3,957
3,664
Cost of goods sold
2,912
2,672
2,341
(a)
Partially correct answer icon
Your answer is partially correct.
Calculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places e.g. 2.66. Round receivables turnover and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to 0 decimal places e.g. 1,266. Enter working capital amounts in thousands e.g. 525.)
2021
2020
Working capital
$enter working capital in thousands of dollars
$enter working capital in thousands of dollars
Current ratio
enter current ratio rounded to 2 decimal places
:1
enter current ratio rounded to 2 decimal places
:1
Receivables turnover
enter receivables turnover in times rounded to 1 decimal place
times
enter receivables turnover in times rounded to 1 decimal place
times
Collection period
enter collection period in days rounded to 0 decimal places
days
enter collection period in days rounded to 0 decimal places
days
Inventory turnover
enter inventory turnover in times rounded to 1 decimal place
times
enter inventory turnover in times rounded to 1 decimal place
times
Days sales in inventory
enter days sales in inventory rounded to 0 decimal places
days
enter days sales in inventory rounded to 0 decimal places
days
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