The Financial Information Below Presents Selected Information from the Financial

question 23

Essay

The financial information below presents selected information from the financial statements of Pelican Company.Sales revenue in 2018 was $13,700,300.
$$\begin{array} { | l | r | r | } & 1 / 1 / 18 & \mathbf { 1 2 / 3 1 / 1 8 } \\\hline \text { Accourts receivable } & \$ 4,550,000 & \mathbf { \$ 3 , 8 0 0 , 0 0 0 } \\\hline \text { Total current assets } & \mathbf { 8 } , 700,030 & \mathbf { 8 , 4 8 0 , 1 0 0 } \\\hline \text { Total assets } & 11,100,020 & 10,980,000 \\\hline \text { Total currert liabilities } & 7,200,300 & 7,476,000 \\\hline \text { Total liabilities } & \mathbf { 8 , 4 4 9 , 9 0 0 } & \mathbf { 8 , 2 7 0 , 7 0 0 } \\\hline\end{array}$$
A.Receivables turnover assuming all Pelican's sales are made on account.
B.Receivables turnover assuming 20% of sales are made as cash sales.
C.Current ratio as of December 31,2018.
D.Debt-to-assets ratio as of December 31,2018.

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Definitions:

Foreign Key Field

In databases, an attribute in a table that links to the primary key of another table, establishing a relationship between the tables.

One-to-many Relationship

A one-to-many relationship in databases is a type of link between two tables where a record in the first table can be associated with one or more records in the second table.

SQL Statement

A query or command written in SQL (Structured Query Language) to perform operations such as retrieving data, updating records, or creating database structures.

Field Names

The identifying labels used to describe the type of data stored in each column of a database or spreadsheet.