Homework Answers
a
| Current ratio = current assets/current liablities |
| Current ratio = 127000/58000 |
| Current ratio = 2.19 |
b
| Receivables turnover = Credit sales/receivables |
| Receivables turnover = 300000/67000 |
| Receivables turnover = 4.48 |
| days of sales outstanding = number of days in a year/receivables turnover |
| days of sales outstanding = 365/4.48 |
| days of sales outstanding = 81.47 |
c
Sales to total assets = 300000/203000=1.48
d
| Inventory turnover = COGS/inventory |
| Inventory turnover = 190000/48000 |
| Inventory turnover = 3.96 |
| days of inventory on hand = number of days in a year/inventory turnover |
| days of inventory on hand = 365/3.96 |
| days of inventory on hand = 92.17 |
e
Debt/asset = (58000+20000)/203000=38.42%
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