ACC 560 Week 10 Quiz( Chapter 13)
Total $ 110,500 $ 120,100
Wiemers ' s 2017 income statement included net sales of $ 100,000, cost of goods sold of $ 60,000, and net income of $ 15,000.
Instructions
Compute the following ratios for 2017. a. Current ratio. b. Acid-test ratio. c. Accounts receivable turnover. d. Inventory turnover. e. Profit margin. f. Asset turnover. g. Return on assets. h. Return on common stockholders ' equity. i. Debt to assets ratio.
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ACC 560 Week 10 Quiz( Chapter 13)
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Question 1