The company's quick ratio is 7:1 1.0:1 2.0:1 For its most recent year a company...
50.1K
Verified Solution
Question
Accounting
The company's quick ratio is 7:1 1.0:1 2.0:1 For its most recent year a company had Sales (all on credit) of $8,30,000 and Cost of Goods Sold of $525,000. At the beginning of the year its Accounts Receivable were $80,000 and its inventory was $100,000. At the end of the year its Accounts Receivable were $56,000 and its Inventory was $110,000. the inventory turnover ratio for the year was 4.8 5.0 7.9 The accounts receivable turnover ratio for the year was 6.3 7.5 10.0 On average how many days of sales were in Accounts Receivable during the year? 27 37 49 On average how many days of sales were in Inventory during the year? 14 46 73 Use the following information for items 12 and 13: A company's net income after tax was $400,000 for its most recent year. The company's income statement included Income Tax Expense of $140,000 and Interest Expense of $60,000. At the beginning of the year the company's stockholders' equity was $1,900,000 and at the end of the year it was $2,100,000. What is the interest coverage for the company? 6.7 9.0 10.0 The debt to equity ratio is computed as: (Total Liabilities Total):1 Which of the following are likely to have the reported amounts on the balance sheet close to their current value? Current Assets Long-term Assets Stockholders' Equity

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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.