ACC 201 Week 5 Chapter 9 Problem

Apr 28th, 2015
Studypool Tutor
Price: $5 USD

Tutor description

ACC 201 Week 5 Chapter 9 Problem

Word Count: 161
Showing Page: 1/2
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

Review from student

Studypool Student
" Very Satisfied. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors