# ACC 201 Week 5 Chapter 9 Problem

Apr 28th, 2015
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ACC 201 Week 5 Chapter 9 Problem

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Problem 9-23Because of space limitation, \$ signs are omitted in these computations.20122011a.Current assets - Current liabilities250,000 - 151,800 = 98,200217,000 - 121,000 = 96,000b.Current assets Current liabilities250,000 151,800 = 1.65 : 1217,000 121,000 = 1.79 : 1c.Quick assets Current liabilities90,000 151,800 = 0.59 : 164,000 121,000 = 0.53 : 1d.Net sales Average accounts receivables230,000 50,000 = 4.60 times210,000 46,500 = 4.52 timese.365 Turnover (d.) 365 4.60 = 79 days 365 4.52 =81 daysf.Cost of goods sold Avg. inventory120,0

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