FULLHD-1080-Q@2PWSF3#3EDCurrent assetsCashTrading investmentsAccounts receivable, netInventoryPrepaid expensesTotal current assetsTotal current liabilitiesAdditional information:(in thousands)Allowance for doubtful accountsCredit salesCost of goods soldF4O$4RFDIO%5F6(in thousands)€T2021$30 $ 91 $ 60A556671624412021$ 1,421$ 1,311$ 882 $ 826H OM4,175Y2,9092020H$ 50 $ 45FB&760582A5265220203,9012,645U2019*84049858129$ 1,208$ 7562019$ 403,7332,364F104(9UKOF12DSer LkPPrtScSysRqPauseAOGANO HD 1080-EscQZ@13W५१X#3EDCalculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places e.g. 2.66. Round receivablesturnover and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to 0 decimalplaces e.g. 1,266. Enter working capital amounts in thousands e.g. 525.)Working capitalCurrent ratioCReceivables turnoverCollection periodInventory turnoverDays sales in inventory*$4RF"DiDIO%5VF6€· TG$MWA6B0YH2021FA&7AכןNF9:1Jtimesdays.timesdays.eder040L*8-1$F10MP9KFILOV-2020)0LF12Scr LkP1Alt Gr:1timesdays^▷timesdays11PriscSysRa1PauseBreak11ONG **InsertCtrlDeleteBackspace144Enter

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Current assets Cash Trading investments Accounts receivable, net Inventory Prepaid expenses Total current assets Total current liabilities Additional information: Credit sales (in thousands) 2021 Cost of goods sold (in thousands) Allowance for doubtful accounts $30 $ 91 $ 60 55 671 624 41 $ 1,421 $ 882 2021 2020 4.175 2,909 60 582 526 52 $ 1,311 $ 826 2020 2019 3,901 2,645 40 498 581 $ 50 $ 45 $ 40 29 $ 1,208 $ 756 2019 3,733 2,364

Current assets Cash Trading investments Accounts receivable, net Inventory Prepaid expenses Total current assets Total current liabilities Additional information: Credit sales (in thousands) 2021 Cost of goods sold (in thousands) Allowance for doubtful accounts $30 $ 91 $ 60 55 671 624 41 $ 1,421 $ 882 2021 2020 4.175 2,909 60 582 526 52 $ 1,311 $ 826 2020 2019 3,901 2,645 40 498 581 $ 50 $ 45 $ 40 29 $ 1,208 $ 756 2019 3,733 2,364

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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