Selected data for Stick's Design are given as of December 31, Year 1 and Year 2 (rounded to the nearest hundredth).
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 (rounded to the nearest hundredth).
  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 (rounded to the nearest hundredth).
  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