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Calculating Financial Ratios from Data

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Use the financial data shown below to calculate the following ratios for the current year:

(a) Current ratio.
(b) Acid-test ratio.
(c) Accounts receivable turnover.
(d) Days' sales uncollected.
(e) Inventory turnover.
(f) Days' sales in inventory.

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(a)  Current ratio.
(b)  Acid-test ratio.
(c)  Accounts receivable turnover.
(d)  Days' sales uncollected.
(e)  Inventory turnover.
(f)  Days' sales in inventory.

II year I ...

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