based on the financial statements for jackson


Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios. All sales are credit sales. The Accounts Receivable balance on January 1, 20--, was $21,600. Assume 365 days per year. 

Working capital 
Current ratio 
Quick ratio 
Return on owner's equity 
Accounts receivable turnover and average number of days required to collect receivables 
Inventory turnover and average number of days required to sell inventory

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Accounting Basics: based on the financial statements for jackson
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