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ACC 201 week 5 assignment 1
\$ 10.00

Chapter 9 problems 9- 23

Shantae Lovett

ACC 201

LaKeitha Givens

January 13, 2013

 2012 2011 a. Current assets – Current liabilities 250,000 – 151,800 = 98,200 217,000 – 121,000 = 96,000 b. Current assets ÷ Current liabilities 250,000 ÷ 151,800 = 1.65 : 1 217,000 ÷ 121,000 = 1.79 : 1 c. Quick assets ÷ Current liabilities 90,000 ÷ 151,800 = 0.59 : 1 64,000 ÷ 121,000 = 0.53 : 1 d. Net sales ÷ Average accounts receivables 230,000 ÷ 50,000 = 4.60 times 210,000 ÷ 46,500 = 4.52 times e. 365 ÷ Turnover (d.) 365 ÷ 4.60 = 79 days 365 ÷ 4.52 =81 days f. Cost of goods sold ÷ Avg. inventory 120,000 ÷ 139,000 = 0.86 times 103,000 ÷ 141,500 = 0.73 times g. 365 ÷ Turnover (f.) 365 ÷ 0.86 = 424 days 365 ÷ 0.73 = 500 days h. Total liabilities ÷ Total assets 283,800 ÷ 576,000 = 49% 248,000÷516,000 = 48% i. Total liabilities ÷ Total stockholders' equity 283,800 ÷ 292,200 = 0.97:1 248,000÷268,000 = 0.93:1 j. (Income before interest + taxes)                     Interest (55,000 + 8,000) ÷ 8,000    = 7.88 times (54,800 + 7,200) ÷ 7,200    = 8.61 times k. Plant assets ÷ Long-term debt 270,000 ÷ 132,000 = 2.0:1 255,000 ÷ 127,000 = 2.0 : 1

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