Selected data for Stick's Design are given as of December 31,Year 1 and Year 2:

Required: Compute the following:
a.________ Current ratio for Year 2.
b.________ Acid-test ratio for Year 2.
c.________ Accounts receivable turnover for Year 2.
d.________ Average collection period for Year 2.
e.________ Inventory turnover for Year 2.

Question

Selected data for Stick's Design are given as of December 31,Year 1 and Year 2:
  
Required: Compute the following:
a.________ Current ratio for Year 2.
b.________ Acid-test ratio for Year 2.
c.________ Accounts receivable turnover for Year 2.
d.________ Average collection period for Year 2.
e.________ Inventory turnover for Year 2.

Quizplus · Accepted Answer

The Answer of Selected data for Stick's Design are given as of December 31,Year 1 and Year 2:
  
Required: Compute the following:
a.________ Current ratio for Year 2.
b.________ Acid-test ratio for Year 2.
c.________ Accounts receivable turnover for Year 2.
d.________ Average collection period for Year 2.
e.________ Inventory turnover for Year 2.

Selected Data for Stick's Design Are Given as of December