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Question
Kershaw Corporation had the following comparative current assets and current liabilities:
During 2012, net credit sales and cost of goods sold were $570,000 and $350,000, respectively. Net cash provided by operating activities for 2012 was $140,000.
Instructions
Compute the following liquidity measures for 2012:
1. Current ratio
2. Current cash debt coverage ratio
3. Receivables turnover
4. Inventory turnover
Answer
This answer is hidden. It contains 211 characters.
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