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Exercise D12-8 Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
$3,660,445
Calculate the following liquidity ratios for 2016. (If working capital is negative then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000). Round all answers except working capital to 2 decimal places, e.g. 2.55.)
a.Working capital$
b.Current ratio
c.Acid-test ratio
d.Accounts receivable turnover
times
Calculate the following liquidity ratios for 2016. (Round average collection period to 0 decimal place, e.g. 25 and inventory turnover ratio to 2 decimal places, e.g. 5.12. Use 365 days for calculation.)
a.
days
b.Inventory turnover
times
Calculate average days to sell inventory for 2016. (Round answer to 0 decimal places, e.g. 25. Use 365 days for calculation.)
Average days to sell inventory
days
