Question
$5.00 This problem uses the financial statemen
- From Economics: General-Economics
- Closed, but you can still post tutorials
- Due on Jul. 01, 2012
- Asked on Jul 01, 2012 at 5:20:25PM
Q:
This problem uses the financial statements for the Genatron
Manufacturing Corporation for the years 2012 and 2011 from
Problem 6.
a. Calculate Genatron’s dollar amount of net working capital in
each year.
b. Calculate the current ratio and the acid-test ratio in each year.
c. Calculate the average collection period and the inventoryturnover
ratio in each year.
d. What changes in the management of Genatron’s current
assets seem to have occurred between the two years?
A+ answer
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- Posted on Jul 01, 2012 at 5:40:10PM
A:
Preview: ... ratio in each year. 2012: $800,000/$330,000 = 2.42
2011: $700,000/$270,000 = 2.59
Acid-test ratio = (CA – Inventory)/CL
2012: ($800,000 – $500,000)/$330,0 ...
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