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Boyle Corporation Had the Following Comparative Current Assets and Current

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Boyle Corporation had the following comparative current assets and current liabilities: Boyle Corporation had the following comparative current assets and current liabilities:   During 2014, credit sales and cost of goods sold were $600,000 and $350,000, respectively. Instructions Compute the following liquidity measures for 2014: 1. Current ratio. 2. Working capital. 3. Acid-test ratio. 4. Accounts receivable turnover. 5. Inventory turnover. During 2014, credit sales and cost of goods sold were $600,000 and $350,000, respectively.
Instructions
Compute the following liquidity measures for 2014:
1. Current ratio.
2. Working capital.
3. Acid-test ratio.
4. Accounts receivable turnover.
5. Inventory turnover.


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