Shirlen Company Has the Following Partial List of Account Balances

question 59

Essay

Shirlen Company has the following partial list of account balances at year end:
Required:
A.Compute the current ratio.
B.Determine the amount of working capital.
C.Assume that cash is used to pay the balance due on trade payables.
1.Compute the new current ratio.
2.Compute the new amount of working capital.
D.Compute the trade payables turnover.

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