Use the Financial Data Shown Below to Calculate the Following $\text { Income statement data }$

question 164

Essay

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.
$\text { Income statement data }$
Sales (all on credit)……………………………… $650,000
Cost of goods sold………………………………….425,000
Income before taxes………………………………..78,000
Net income………………………………………… 54,600
$\begin{array}{|l|c|c|}\hline&\text { Ending } & \text { Beginning } \\&\text { Balances } & \text { Balances }\\\hline \text { Cash } & 19,500 & 15,000 \\\hline \text { Accounts receivable (net) } & 65,000 & 60,000 \\\hline \text { Inventory } & 71,50 \mathrm{~d} & 64,500 \\\hline \text { Plant and equipment (net) } & 195,000 & 183,900 \\\hline \text { Total assets } & \$ 351.00 \mathrm{~d} & \$ 323,400 \\\hline \text { Current liabilities } & \$ 62,400 & \$ \quad 52,700 \\\hline\text { Long-term notes payable } & 97,500 & 100,000\\\hline\end{array}$

Grasp the theoretical frameworks explaining the objectification and evaluation of women in society.

Explain the concepts of stereotype threat and its implications for behavior and self-perception.

Examine the depiction of women of color and the stereotypes associated with them in media.

Understand the portrayal of working-class women in afternoon talk shows and its socio-cultural implications.

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Definitions:

Acid Solution

A aqueous solution containing more hydrogen ions (H+) than hydroxide ions (OH-), typically having a pH less than 7.

Quarts

A unit of liquid measure equal to two pints or one fourth of a gallon, used especially in the US.

Equivalent

Having the same value, function, or meaning.

Average Speeds

The total distance traveled divided by the total time taken; often used in motion problems.