 , 22.06.2019 21:00 ajayfurlow

# Which fraction is equivalent to 24/40. 2/3. 12/40. 3/5. 2. step-by-step explanation:

first divide 24 divided by 8 because that is the least common multiple

then divide 40 by 8

then you will get 3/5.   The computation is shown below:-

1. Current ratio is

= Current Assets ÷ Current Liabilities

= $7,860 ÷$3,930

= 2

2. Current cash debt coverage is

= Net Cash Provided by Operating Activities ÷ Average Current Liabilities

Average Current Liabilities = ($3,930 +$3,122) ÷ 2

= $3,526 Current Cash Debt Coverage Ratio =$1,251 ÷ $3,526 = 25.48% 3. Accounts receivable turnover is = Net Credit Sales ÷ Average Accounts Receivables =$8,258 ÷ (($4,000 +$3,800) ÷ 2)

= $8,258 ÷$3,900

= 2.12 times

4. Average collection period is

= 365 ÷ Account Receivable Turnover

= 365 ÷ 2.12

= 172.17

5. Inventory Turnover is

= Cost of Goods Sold ÷ Average Inventory

= $5,328 ÷ ((1,800 + 1,800) ÷ 2 =$5,328 ÷ 1,800

= 2.96

6. Days in Inventory is

= 365 ÷ Inventory Turnover Ratio

= 365 ÷ 2.96

= 123.31 days  ### Other questions on the subject: Mathematics Mathematics, 21.06.2019 15:30, 001234567891011
Abike shop sells you a bicycle for $63 and a helmet for$21. the total cost is 150% of what the shop spent originally. how much did the shop spend originally? how much profit did the bike shop earn by selling the bicycle and helmet to you ? Mathematics, 21.06.2019 18:10, normahernandez977
Find the solution set of this inequality. enter your answer in interval notation using grouping symbols. |8x-4| ≤ 12 Mathematics, 21.06.2019 19:00, Katy3613
Aplot of land has been surveyed for a new housing development with borders ab, bc, dc, and da. the plot of land is a right trapezoid with a height of 60 feet and an opposite leg length of 65 feet Mathematics, 21.06.2019 19:10, gesteban
Using vertical angles to find unknown values ; what is m
Which fraction is equivalent to 24/40. 2/3. 12/40. 3/5. 2....

### Questions in other subjects:          Questions on the website: 13569777