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University Of Pennsylvania Operations And Supply Chain Management Assignment Help - accounting exercises

Question - Exercise 12-5 Evaluate risk ratios [LO3] The 2012 income statement of Adrian Express reports sales of $16 million, cost of goods sold of $9.6 million, and net income of $1.6 million. Balance sheet information is provided in the following table. All amounts are in thousands. Document Preview: Exercise 12-5 Evaluate risk ratios [LO3] The 2012 income statement of Adrian Express reports sales of $16 million, cost of goods sold of $9.6 million, and net income of $1.6 million. Balance sheet information is provided in the following table. All amounts are in thousands. ADRIAN EXPRESS Balance Sheets December 31, 2012 and 2011 ($ in 000s) 2012 2011 Assets Current assets: Cash $ 600 $ 760 Accounts receivable 1, ...Read More

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