81.
82. A company with working capital of $500,000 and a current ratio of 2.5 pays a $85,000 short-term liability. The amount of working capital immediately after payment is
A. $585,000
B. $415,000
C. $500,000
D. $85,000
83. Which of the following is a measure of the liquid position of a corporation?
A. earnings per share
B. inventory turnover
C. current ratio
D. number of times interest charges earned
84. Which of the following is not included in the computation of the quick ratio?
A. inventory
B. marketable securities
C. accounts receivable
D. cash
85. The numerator used to calculate accounts receivable turnover is
A. total sales
B. net sales
C. accounts receivable at year-end
D. average accounts receivable
86. Based on the following data for the current year, what is the accounts receivable turnover?
87. An acceleration in the collection of receivables will tend to cause the accounts receivable turnover to
A. decrease
B. remain the same
C. either increase or decrease
D. increase
88. Based on the following data for the current year, what is the number of days' sales in accounts receivable?
89. Based on the following data for the current year, what is the inventory turnover?
90. Based on the following data for the current year, what is the number of days' sales in inventory?