Corsig Corporation Had the Following Comparative Current Assets and Current

question 66

Essay

Corsig Corporation had the following comparative current assets and current liabilities: During 2014, net credit sales and cost of goods sold were $570,000 and $350,000, respectively. Net cash provided by operating activities for 2014 was $140,000.
Instructions
Compute the following liquidity measures for 2014:
1. Current ratio
2. Current cash debt coverage
3. Accounts receivable turnover
4. Inventory turnover

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Definitions:

Leadership Behavior

Leadership behavior encompasses the actions, methods, and practices utilized by leaders to influence, motivate, and guide their followers towards achieving goals.

Trait Leadership Perspective

A theory that explores the relationship between leaders and personal qualities and characteristics and how they differentiate leaders from nonleaders.

Personal Qualities

Inherent or developed traits, characteristics, or attributes that contribute to an individual's personality and behavioral patterns.

Directive Leadership Style

A leadership approach characterized by providing clear instructions, setting performance standards, and closely supervising tasks.