View the step-by-step solution to:

Which of the following ratios is incorrect?

Which of the following ratios is incorrect?


Current ratio = Current assets / Current liabilities


Quick ratio = (Current assets - Inventory) / Current liabilities


Inventory turnover = (Cost of goods sold) / Inventory


Days Sales Outstanding = 365 / Accounts payable turnover

Top Answer

Here is the solution... View the full answer

Sign up to view the full answer

Other Answers

Days Sales Outstanding =... View the full answer

Days Sales Outstanding =... View the full answer

Current ratio is a relationship between current assets and current liabilities. The... View the full answer

The correct option is (D) Days... View the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online