Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Financial Accounting

Current assets-$8314,
account receivables-$4238
,cash-$1583,
inventories-$1271,
Sales (all credit)-$23373,
cost of goods sold-$19097,
Total current liabilities-$8669.
Compute the current ratio, the quick ratio, the inventory turnover, the turnover ratio for fixed
assets, the debt ratio, the return on equity
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Transcribed Image Text:Current assets-$8314, account receivables-$4238 ,cash-$1583, inventories-$1271, Sales (all credit)-$23373, cost of goods sold-$19097, Total current liabilities-$8669. Compute the current ratio, the quick ratio, the inventory turnover, the turnover ratio for fixed assets, the debt ratio, the return on equity
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