Question 1
10 out of 10 points
Match the ratio with the formula.
Question
Sales
Average Working Capital
Net Sales
Average Gross Receivables
Current Assets – Current Liabilities
Cash Equivalents + Marketable Securities + Net Receivables
Current Liabilities
Gross Receivables
Net Sales/365
Average Gross Receivables
Net Sales/365
Average Inventory
Cost of Goods Sold/365
Cash Equivalents + Marketable Securities
Current Liabilities
Current Assets
Current Liabilities
Accounts Receivable
+
Inventory Turnover
Turnover in Days
in Days
Cost of Goods Sold
Average Inventory
Ending Inventory
Cost of Goods Sold/365
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