Essay
The financial information below presents selected information from the financial statements of Pelican Company.Sales revenue in 2008 was $13,700,300.
Calculate:
A.Receivables turnover assuming all Pelican's sales are made on account.
B.Receivables turnover assuming 20% of sales are made as cash sales.
C.Current ratio as of December 31,2008.
D.Debt-to-assets ratio as of December 31,2008.
Correct Answer:
Verified
Correct Answer:
Verified
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