What is the inventory turnover for 2010? ilustrate what is, Ask an Expert

Accounting

Balance Sheet:2010 2009
Cash$27,000 $33,000
Short-term investments22,000 28,000
Net receivables54,000 72,000
Inventory65,000 42,000
Prepaid expenses7,000 9,000
Total current assets175,000 184,000
Total current liabilities87,500 92,000
Income Statement:
Net credit sales $554,800
Cost of goods sold 331,700

1. What is the current ratio for 2010?

2. What is the quick ratio for 2010?

3. What is the inventory turnover for 2010?

4. What is the accounts receivable turnover for 2010?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9403620

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