(Answered) Question - use the following information to answer the

Accounting

Question - Use the following information to answer the below questions: (only do ratios for 2011)

2011 2012

Cash $75,000 $85,000

A/R $61,000 $68,000

Inventory $25,000 $19,000

Investments $14,000 $16,000

Current Liabilities $151,000 $162,000

Sales $302,000

COGS $215,000

a) What is the Current Ratio?

b) What is the Quick Ratio?

c) What is the Asset Turnover Ratio?

d) What are Days in Receivables?

e) What is the Inventory Turnover Ratio?

f) What are Days in Inventory?

g) What is the general rule as to what Days in Receivables SHOULD be according to our discussion?

h) How well is this company managing inventory IF it is a produce store?

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