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Calculate the accounts receivable turnover

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Reference no: EM132956089

Problem - Liquidity Ratios - You have been asked to evaluate the liquidity position of Burgos Fitness Center. The following data are from Burgos' annual report:

Cash P130,000

Trading Investments 60,000

Accounts Receivable:

Jan. 1 156,000

Dec. 31 214,000 Cash

Merchandise Inventory

Jan. 1 252,000

Dec. 31 186,000

Current Liabilities 240,000

Cost of Goods Sold 3,000,000

Credit Sales 5,000,000

Required - Using these data,

1. Calculate the Burgos Working capital?

2. Calculate the Current ratio?

3. Calculate the Quick ratio?

4. Calculate the Inventory turnover?

5. Calculate the Accounts receivable turnover?

6. Calculate the Average age of receivables?

Reference no: EM132956089

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