Use the financial data shown below to calculate the following ratios for the current year:
(a)Current ratio.
(b)Acid-test ratio.
(c)Accounts receivable turnover.
(d)Days' sales uncollected.
(e)Inventory turnover.
(f)Days' sales in inventory.
Sales (all on credit)………………………………… $650,000
Cost of goods sold…………………………………. 425,000
Income before taxes……………………………….. 78,000
Net income………………………………………… 54,600
Definitions:
Vulnerable Populations
Groups of individuals at greater risk of experiencing health disparities due to factors like economic, social, or health status.
Abusive Habits
Practices or actions that are harmful to either the self or others, including substance abuse or harmful behavioral patterns.
Immigration Patients
Individuals who have relocated from one country to another and receive medical care in their new country, facing unique health challenges and access issues.
Geographical Boundaries
The defined physical borders or limits of a specific area or region, which can impact social, political, and economic dynamics.
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