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(Solved by Expert Tutors) 14.Use the following information to answer the below questions: (only do


2011)20112012Cash$75,000$85,000A/R$61,000$68,000Inventory$25,000$19,000Investments$14,000$16,000Current Liabilities$151,000$162,000Sales$302,000COGS$215,000a.)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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