The following information was obtained from the 2016 and 2015 financial statements Better Books and Tenacious Texts. Assume all sales are on credit for both companies.
REQUIRED:
1. Using the information provided, compute the following for each company for 2016rounded to two decimals:
a. Accounts receivable turnover ratio
b. Number of days' sales in receivables
c. Inventory turnover ratio
d. Number of days' sales in inventory
e. Cash-to-cash operating cycle
2. Comment briefly on the liquidity of each of these two companies.
Definitions:
Relational Aggression
A form of psychological bullying that involves harming others through manipulation or damage to their relationships or social status.
False Rumors
Incorrect or misleading information that is spread among people without factual basis.
Biological Traits
Characteristics or features of organisms that are inherited from their parents and can influence their survival and reproduction.
Gender
In psychology, the socially influenced characteristics by which people define boy, girl, man, and woman.
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