Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 16 Aug 2017 My Price 4.00

Luster Company

Measuring  short-Term Liquidity

se9. Business AppliCAtion ▶ Luster Company has current assets of $130,000 and current liabilities of $80,000, of which accounts payable are $70,000. Luster’s cost of goods sold is $460,000, its merchandise inventory increased by $20,000, and accounts payable were $50,000 the prior year. Calculate Luster’s working capital, payables turn- over, and days’ payable. (Round to one decimal place.)

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Aug 2017 10:08 PM My Price 4.00

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