Given the Following Balance Sheet, Calculate the Following Ratios for 2012

question 47

Essay

Given the following balance sheet, calculate the following ratios for 2012:
a) current ratio
b) accounts receivable turnover
c) inventory turnover
d) debt ratio
Jessica's Jewellery Store
Comparative Balance Sheet
For Years Ended December 31, 2012 and 2011
(in thousands)

In addition, credit sales for 2012 were $525,000 and cost of goods sold was $1,255,500.

Examine health disparities along lines of ethnicity, gender, and socioeconomic status.

Demonstrate knowledge of the impact of global health issues, such as HIV/AIDS and the social efforts to address them.

Understand the effects of income and educational disparities on health outcomes.

Recognize the association between racism and health, including access to care and psychological impacts.

---

Definitions:

Automatic Dividend Reinvestment

A feature that allows shareholders to automatically use their dividend payments to purchase additional shares of the stock, usually without a commission.

Additional Shares

Newly issued stock by a company, which increases the total number of shares outstanding and dilutes the ownership percentage of existing shareholders.

Discounted Price

A reduced price from the original selling price, often used to stimulate sales or clear inventory.

Tax-exempt Investor

An individual or entity that is not required to pay taxes on certain income or investments.