Boyle Corporation Had the Following Comparative Current Assets and Current

question 215

Essay

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.

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