Carroll Company Has Current Assets of $230,000 and Current Liabilities

Essay

Carroll Company has current assets of $230,000 and current liabilities of $150,000 of which accounts payable are $130,000.Arnold's cost of goods sold is $840,000,its merchandise inventory increased by $40,000,and accounts payable were $90,000 the prior year.Calculate Ronald's working capital,current ratio,payables turnover,and days' payable.