(TCO G)
Pick one of the ratios discussed in the lecture or the text and provide an
example of how that ratio might fluctuate seasonally.
Points Received:
5 of 5
Comments:
Question 2.
Question :
(TCO G) As
of December 31, 20XX, David Corp's accounts payable were $4,000,000. Its
accounts receivable were $2,200,000, and its sales for 20XX were
$32,000,000. What was its days sales outstanding?
Question 3.
Question :
(TCO G) As
of December 31, 2015, Michael Corp's current assets were $2,000,000. Its
current liabilities were $2,000,000. Its sales for 2015 were $50,000,000.
As of December 31, 2016, Michael Corp's current assets were $3,000,000. Its
current liabilities were $3,000,000. Its sales for 2016 were $65,000,000.
Management has asked you to comment on these numbers.
Solution: Devry Fine515 WEEK1 Quiz Latest 2015 october