Problem Three The following information data was taken from the accounts ( some ) of Sandee’s Corporation as of December 31, 2017:
Total debts
180,000
Instructions:
1. On the basis of the information above determine the December 31, 2017:
a. amount of working capital
b. current ratio
c. receivable turnover
d. inventory turnover
e. debt to total assets
2. This company has liquidity? Explain.
3. This company has solvency? Explain.
