$5.00 This problem uses the financial statemen
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?
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- Posted on Jul 01, 2012 at 5:40:10PM
Preview: ... ratio in each year. 2012: $800,000/$330,000 = 2.42 2011: $700,000/$270,000 = 2.59 Acid-test ratio = (CA â€“ Inventory)/CL 2012: ($800,000 â€“ $500,000)/$330,0 ...
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