Selected financial statement data for Morton Company are presented below. 
During 2014, net sales were ¥810,000, and cost of goods sold was ¥615,000.
Instructions
Compute the following ratios at December 31, 2014:
(a) Current.
(b) Acid-test.
(c) Accounts receivable turnover.
(d) Inventory turnover.
Definitions:
Environment
The sum of all external conditions and influences affecting the life, development, and survival of an organism or group of organisms.
Needs Hierarchy
A motivational theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, from most to least important.
Physiological Needs
Basic bodily requirements for human survival, such as air, food, water, shelter, and clothing, according to Maslow's hierarchy of needs.
Self-Esteem
A person's overall subjective sense of personal worth or value, encompassing beliefs about oneself as well as emotional states.
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