## Answers

IA) Current Ratio curent Asset Curent liabiliches Bouco - $ 155,340 2.27 to 1 $ 68.340 kyan - $240,450 $99,300 & 2.42 to 1 18) Acid Test Ratio (b) * Cash + Accounts Receivable + cueduit notes veceivable! Quent liabilities Baico - $ 20,000+ $ 35,460 + $9500 $ 68,340 0.95 to 1 kyan- 0.97 to 1 $35,000+ $53,400 + $ 8400 - $99,500 (c) Accounts Receivable Turnover Cuedit Sales Average Accounts Receivable Aug. Ale Recairable Bauco - $ 86,00 + $ 35400 $31,100 Kyan - $50,000+ $53,400 $ 51,800 Baico - $760,000 $ 84,100 = 24.44 times kyan- $ 88,200 $ 51800 = 16.95 timer

di Inventory tunoree Cost of goods sold Average inventories Average inventories Bouco - $ 54,600+ $84740 = $ 72,170 kyan- & ut, 400+ $136.500 = $123,950 Baico - $ 585,100 $42,140 = 8.11 times kyan - $ 630,500 $ 123,950 5.09 times ce) Day's sales in inventory - Inventorn x 365 coos Bouco - $ 72,10 2 x 865 $585,100 = 45 days kyan - $ 123,950 x 365 - Ha days $630,500 -+) Day's sales uncollected Avuage Account Receivable Nel cuedit Sales - x 365 Baico - $ 31,100 x 365 $760,000 - todas 14.93 days (21) 15 days .

kyan. $ 51,800 800 x 865 = $878.200 21.53 days (on a2 days ((B) Bertel sholt teem Aedit wish - kyan company.

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