Homework Help: Finance

Posted by Nk on Friday, September 21, 2012 at 3:14pm.

You have reviewed the books of Anderson Incorporated and learned the following:
1.) Quick Ratio is 1.4
2.) Current Ratio is 3.1
3.) Inventory Turn-Over is 4.9 times
4.) Current Assets are $820,000
5.) Cash and equivalents are $115,000

Using this information, answer the following two questions:
1.) What are my annual sales?

2.) What is my DSO (Days Sales Outstanding)? (Note: DSO is Accounts Receivable/(Annual Sales/360)) In other words, it is the accounts receivable divided by the average daily sales amount.

No one has answered this question yet.

Answer this Question

Related Questions

Finance - . Fill out the missing items on the Kim, Inc.’s balance sheet ...
finance - "given the profit loss (income statement) and balance sheet for ...
Business - 1. What effect would the following actions have on a firm’s ...
finance - A firm has $600,000 in current assets and $150,000 in current ...
Financing - quick ratio that is much smaller than the current ratio reflects A...
physics - A quick ratio much smaller than the current ratio reflects 1) a small ...
accounting - compute the working capital, current ratio, and quick ratio after ...
accounting - Can someone please check my answer to this question: In recent ...
Accounting - The balance sheet of Burger King reports current assets of $30,500 ...
Math/Finance - General Hospital has a current ratio of 0.5. Which of the ...

For Further Reading

First Name:
School Subject:
Answer: