QUESTION 1 Match the ratio with the formula Sales Average Working Capital Net Sa

Question

QUESTION 1 Match the ratio with the formula Sales Average Working Capital Net Sales Average Gross Receivables Current Assets Current Liabilities A days' sales in receivables B accounts receivable tunover C accounts receivable turnover in days D days' sales in inventory E inventory turnover F inventory turnover in days G operating cycle H working capital l current ratio J acid-test ratio K cash ratico Cash Equivalents Marketable Securities Net Receivables Current Liabilities Gross Receivables Net Sales 365 Average Gross Receivables Net Sales 365 L sales to working capital Average Inventory Cost of Goods Sold 365 Cash Equivalents- Marketable Securities Current Liabilities Current Assets Current Liabilities Accounts Receivable Inv entory Turnover Turnover in Days in Days Cost of Goods Sold Average Inventory Ending Inventory Cost of Goods Sold 365

Explanation / Answer

Formula Ans Ratio Sales/Average Working Capital L Sales to Working Capital Net Sales/Average Gross Receivable B Accounts Receivable Turnover Current Assets-Current Liabilities H Working Capital (Cash EquivalentsMarketable Securities+Net Receivable)/Current Liabilities K Cash Ratio (Gross Receivable/Net Sales ) *365 A Days Sales in Receivable (Average Gross Receivables/Net Sales )*365 C Accounts Receivable turnover in days (Average Inventory/Cost of goods sold)* 365 F Inventory Turnover in Days Cash Equivalents+Marketable Securities/Current Liabilities J Acid Test Ratio Current Assets/Current Liabilites I Current Ratio Accounts Receivable Turnover in Days+Inventory Turnover in Days G Operating Cycle Cost of goods sold/Average Inventory E Inventory Turnover Ending Inventory/Cost of goods sold 365 D Days Sales in Inventory

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