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

---

Definitions:

Net Promoter Score

A metric used to gauge the loyalty of a firm's customer relationships, based on how likely customers are to recommend the company's product or service to others.

Customer Lifetime Value

The total worth to a business of a customer over the whole period of their relationship, an important metric in assessing how much a company should spend to retain a customer.

Brand Community

A specialized, non-geographically bound community, based on a structured set of social relations among admirers of a brand.

Reference Group

A social group that serves as a point of reference for individuals in forming attitudes, beliefs, or behaviors.