working capital

Edit Answers
123456789101112131415161718192021222324
Across
  1. 2. The time it takes for a retailer's cash that was used to purchase inventory to return to cash is the operating ________.
  2. 3. The most liquid asset.
  3. 6. Credit terms such as 1/10, net 30 will be described as a cash discount or an ________ payment discount.
  4. 10. The term used to describe an inventory item that can no longer be sold due to changes in technology and/or demand.
  5. 11. Temporary ________________ will be listed after cash on a company's balance sheet.
  6. 13. Current assets minus current liabilities equals working ______________.
  7. 14. The approximate number of days' sales in inventory indicated by an inventory turnover ratio of 9 is ________ days.
  8. 16. The amount of a decrease in a company's accounts receivable will appear on the statement of cash flows as a ____________ amount.
  9. 19. This current asset is not included when calculating the quick ratio
  10. 21. When the change in inventory appears in parentheses on the statement of cash flows, the inventory must have ________________ during the accounting year.
  11. 22. The cost of goods sold divided by the average inventory is the inventory ___________ ratio.
  12. 24. The current ratio is calculated by ______________ the amount of current assets by the amount of current liabilities.
Down
  1. 1. Dividing 360 by the inventory turnover ratio is the ______ sales in inventory.
  2. 2. Another description for the days' sales in accounts receivable is the average ____________ period.
  3. 4. Prepaid expenses are reported on the financial statements as a current __________ until they are used up.
  4. 5. A company that purchases other companies’ accounts receivable.
  5. 7. The inventory turnover calculation is most accurate when the ______ of goods sold is divided by the average inventory.
  6. 8. Deferred revenues are reported on the balance sheet as a current ___________ until they are earned.
  7. 9. Because of seasonal fluctuations, it is best to use the _____________ amounts of the receivables throughout the year when calculating the receivables turnover ratio.
  8. 12. The operating cash flow ratio is the net cash provided by operating activities divided by the average amount of current ______________.
  9. 15. In industries where the operating cycle is less than 365 days, this period of time is used to determine if an asset is a current asset.
  10. 17. The amount of a company's ___________ liabilities are used in the calculation of the current ratio.
  11. 18. From the time a company sells goods on credit until the money is received, the company is an __________ creditor.
  12. 20. Changes in the amounts of most of the working capital accounts are usually shown in the ______________ activities section of the cash flow statement.
  13. 23. A turnover ________ is likely to involve an amount from the income statement and from the balance sheet.