WileyPLUS - Mozilla Firefox WileyPLUS XC Chegg Study | Guided Sc myTrent Current

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WileyPLUS - Mozilla Firefox WileyPLUS XC Chegg Study | Guided Sc myTrent Current Ratio Calculator X ?e https://edugenwileyplus.com/edugen/lti/main.uni 80% * a. Search Return to Blackboard Kimmel, Financial Accounting, Seventh Canadian Edition Helr I PRINTER VERSTON |Condensed state ment ot tinanoal positon and income statement data or ukalani Ltd. are shown belown T RESOURCES ADMN202 Statement of Financial Position December 31 2018 2017 2016 Assets Reviow Results Current assets $29 580 202 503 Inventory Total curant assets Property, plant, and equipment (net) Total assets 1.196 2.124 1.378 1,204 4,139 3.927 3,175 S6,263 $5,405 $4,379 and Shareholders Equity Liabilities Currant liabilities 597 $551 $499 3,072 2,338 1,496 3.669 2.899 1,995 Total lisbilities Sharaholder equity Common shares 995 995 1.599 1.521 1.389 2.594 2.516 2,384 Total liabilities and shareholders equity 6,263 $5,405 $4,379 Retained earnings Totel shareholders' equity PUKALAN? ITD. inve ^ ?? Highlight All Match Case ?hole words 1 of 4 matches Mozilla Firefox seems slow... to... start. Leam How to Speed It Up Don't Tell Me gain X 10:14 AM O Type here to search ENG 2018-03-30 3

Explanation / Answer

(1) Receivables Turnover = Net credit sales/Average Accounts Receivable

2016: 3636/(503+503)/2 = 7.2 times

2017: 4015/(503+698)/2 = 6.6 times

2018: 4543/(698+899)/2 = 5.6 times

(2) Inventory Turnover = COGS/Average Inventory

2016: 1792/(499+499)/2 = 3.6 times

2017: 2116/(499+800)/2 = 3.2 times

2018: 2492/(800+1196)/2 = 2.5 times

(3) Current ratio = Current assets/Current liabilities

2016: 1204/499 = 2.4:1

2017: 1578/551 = 2.8:1

2018: 2124/597 = 3.5:1

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