The following information relates to Chegg this is a test LL…

Written by Anonymous on May 7, 2026 in Uncategorized with no comments.

Questions

The fоllоwing infоrmаtion relаtes to Chegg this is а test LLC question. Account Current year Prior year Cash $25,000 $15,900 Accounts receivable, net $45,000 $23,200 Inventory $37,000 $25,000 Prepaid expenses $2,000 $1,500 Total current assets $109,000 $65,600 Total long-term assets $62,000 $38,000 Total current liabilities $52,500 $41,600 Total long-term liabilities $20,000 $22,700 Common stock, no par,     3,000 shares, value $50/share $30,000 $30,000       Net sales (all credit) $520,125 $499,500 Cost of goods sold $375,960 $353,600 Gross profit $144,165 $145,900 Income from Operations $95,500 $79,900 Interest expense $23,000 $19,500 Net income $57,600 $51,600 Required:  What is the acid-test ratio for the current year?   What is the inventory turnover for the current year?   What is days' sales in receivables for the current year? What is the rate of return on total assets for the current year? What is the times-interest-earned ratio for the current year? What is the current ratio for the current year? Round answers to two decimal places, don't include dollar signs, commas or words in answer. 

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