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:
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Solution Summary
This gives the steps for Calculations of Ratios such as Current ratio, Quick ratio, Average collection period, Inventory turnover
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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 ...
Purchase this Solution
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