The following information is available from the Lyon Company accounting records:

Required:
1.Prepare a statement of cash flows in thousands of dollars using the direct method.
2.Calculate the following ratios:
a.Current ratio
b.Quick ratio
c.Working capital to total assets
d.Accounts receivable turnover
e.Age of accounts receivable

Question

The following information is available from the Lyon Company accounting records:
  
Required:
1.Prepare a statement of cash flows in thousands of dollars using the direct method.
2.Calculate the following ratios:
a.Current ratio
b.Quick ratio
c.Working capital to total assets
d.Accounts receivable turnover
e.Age of accounts receivable

Quizplus · Accepted Answer

The Answer of The following information is available from the Lyon Company accounting records:
  
Required:
1.Prepare a statement of cash flows in thousands of dollars using the direct method.
2.Calculate the following ratios:
a.Current ratio
b.Quick ratio
c.Working capital to total assets
d.Accounts receivable turnover
e.Age of accounts receivable

The Following Information Is Available from the Lyon Company Accounting