Business, 12.08.2020 08:01, jandrew8007

Following are financial data from year-end financial statements of Portland Company for 2017, 2016 and 2015. 2017 2016 2015
Accounts receivable $136,125 $144,576 $132,000
Cost of goods sold 1,023,750 864,000 960,000
Current assets 450,000 360,000 405,000
Current liabilities 300,000 250,000 310,000
Inventory 225,000 165,000 195,000
Sales 1,642,500 1,752,000 1,200,000

Required:
Compute the following financial ratios for 2016 and 2017.

Answers: 3

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Following are financial data from year-end financial statements of Portland Company for 2017, 2016 a...