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Author Question: Gant Wholesale Company has $2,000 in cash, $7,000 in accounts receivable, $12,000 in inventory, and ... (Read 81 times)

ncasson210

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on: Feb 5, 2023

Question 1

Hannah Corporation purchased merchandise totaling $180,000 during the year. At the end of the year, the income statement showed $200,000 of cost of goods sold and ending inventory to $40,000. What was Hannah's inventory turnover?

Question 2

Gant Wholesale Company has $2,000 in cash, $7,000 in accounts receivable, $12,000 in inventory, and $3,000 in prepaid expenses. Liabilities totaled $20,000, with $6,000 current and $14,000 long-term. What is Gant's acid-test ratio?
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Marked as best answer by ncasson210 on Feb 5, 2023

bleep bloop

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ncasson210

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

parker125

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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