Solution
Shakeel answered on
Aug 06 2021
Sheet1
BALANCE SHEET INCOME STATEMENT 12/31/17 12/31/16 Change Percentage Change Industry Average
2017 2016 2017 2016 Liquidity Ratios
Assets Sales 26,456,647 22,889,060 Cu
ent Ratio 2.31 2.49 -0.18 -7.27% 1.21
Cu
ent assets Sales return and allowances 37,557 27,740 Quick Ratio 0.42 0.40 0.01 3.39% 0.35
Cash 1,320,096 1,089,976 Net sales 26,419,090 22,861,320 Net Sales/Receivables 16.05 17.78 -1.73 -9.74% 23.42
Account receivable 1,646,046 1,285,593 Cost of sales 19,133,299 16,530,114 Number of Days Sales in A/R 22.74 20.53 2.22 10.80% 15.58
Inventories 13,524,349 12,356,400 Gross profit 7,285,791 6,331,206 Inventory Turnover 1.48 1.39 0.09 6.37% 1.29
Prepaid expenses 17,720 15,826 Expenses
Deposits 7,916 5,484 Accounting 48,253 46,750
Total cu
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