ACC 201 week 5 assignment 1

# ACC 201 week 5 assignment 1

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Asked by 2 years ago
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Chapter 9 problems 9- 23

Shantae Lovett

ACC 201

LaKeitha Givens

January 13, 2013

2012

2011

a.

Current assets - Current liabilities

250,000 - 151,800 98,200

217,000 - 121,000 96,000

b.

Current assets Current liabilities

250,000 151,800 : 1

217,000 121,000 : 1

c.

Quick assets Current liabilities

90,000 151,800 : 1

64,000 121,000 : 1

d.

Net sales Average accounts receivables

230,000 50,000 times

210,000 46,500 times

e.

365 Turnover (d.)

365 79 days

365 81 days

f.

Cost of goods sold Avg. inventory

120,000 139,000 times

103,000 141,500 times

g.

365 Turnover (f.)

365 424 days

365 500 days

h.

Total liabilities Total assets

283,800 576,000 49%...

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Answered by 2 years ago
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Excerpt from file: Chapterproblems 1 Chapter9problems923 ShantaeLovett ACC201 LaKeithaGivens January13,2013 Chapterproblems a. CurrentassetsCurrentliabilities b. CurrentassetsCurrentliabilities c. d. QuickassetsCurrentliabilities NetsalesAverageaccounts receivables 365Turnover(d.) CostofgoodssoldAvg.inventory e.

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