Question
In: Finance
Provide the calculations and show steps for each Current Ratio Current Assets/Current Liabilities 2018 = 40,328/45,839...
Provide the calculations and show steps for each
Current Ratio Current Assets/Current Liabilities
2018 = 40,328/45,839
2019 = 36,138/48,174
Quick Ratio Cash and Cash Equivalents + Marketable Securities + Accounts Receivables/CL
2018 = 29,582/45,839 =
2019 = 26,445/48,714 =
Inventory Turnover Cost of Goods Sold/Average Inventory
2018 = 16,071/2,678 =
2019 = 16,732/3,163 =
Solutions
Expert Solution
Solution:
Current Ratio = Current Assets/Current Liabilities
Current Assets = 40,328 and 36,138 for 2018 and 2019
Current Liabilities = 45,839 and 48,174 for 2018 and 2019
Thus,
Current Ratio for 2018 = 40328/45839 = 0.87
Current Ratio for 2019 = 36138/48174 = 0.75
Solution:
Quick Ratio = Cash and Cash Equivalents + Marketable Securities + Accounts Receivables/CL
Cash and Cash Equivalents + Marketable Securities + Accounts Receivables = 29,582 and 26,445 for 2018 and 2019
Current Liabilities = 45,839 and 48,714 for 2018 and 2019
Thus,
Quick Ratio for 2018 = 29,582/45,839 = 0.64
Quick Ratio for 2019 = 26,445/48,714 = 0.54
Solution:
Inventory Turnover = Cost of Goods Sold/Average Inventory
Cost of Goods Sold = 16,071 and 16,732 for 2018 and 2019
Average Inventory = 2,678 and 3,163 for 2018 and 2019
Thus,
Inventory Turnover for 2018 = 16,071/2,678 = 6.00
Inventory Turnover for 2019 = 16,732/3,163 = 5.28
jeff jeffy answered 2 years agoRelated Solutions
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