Devry FINE 515 Week 1 Quiz Latest

Description

Devry FINE 515 Week 1 Quiz Latest

week 1

1.

Question :

(TCO G) Pick one of the ratios discussed in the lecture or the text and provide an example of how that ratio might fluctuate seasonally.

Points Received:

5 of 5

Comments:

Question 2.

Question :

(TCO G) As of December 31, 20XX, David Corp’s accounts payable were $4,000,000. Its accounts receivable were $2,200,000, and its sales for 20XX were $32,000,000. What was its days sales outstanding?

Question 3.

Question :

(TCO G) As of December 31, 2015, Michael Corp’s current assets were $2,000,000. Its current liabilities were $2,000,000. Its sales for 2015 were $50,000,000. As of December 31, 2016, Michael Corp’s current assets were $3,000,000. Its current liabilities were $3,000,000. Its sales for 2016 were $65,000,000. Management has asked you to comment on these numbers.

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Devry FINE 515 Week 1 Quiz Latest