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    Calculations of Ratios

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    BMS Inc Selected Financial Data
    December 31, 2007

    Current assets 150,000
    Current liabilities 100,000
    Inventories 50,000
    Accounts receivable 40,000
    Net sales 900,000
    COGS 675,000

    Current ratio:
    Quick ratio:
    Average collection period:
    Inventory turnover:

    Explain please.

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    https://brainmass.com/business/accounting/calculations-ratios-193442

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    BMS Inc Selected Financial Data
    December 31, 2007

    Current assets 150,000
    Current liabilities 100,000
    Inventories 50,000
    Accounts receivable 40,000
    Net sales ...

    Solution Summary

    This gives the steps for Calculations of Ratios such as Current ratio, Quick ratio, Average collection period, Inventory turnover

    $2.19

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