Balance sheet analysis Complete the balance sheet and sales information that follows using the following financial data:
Question:
Balance sheet analysis Complete the balance sheet and sales information that follows using the following financial data:
Debt Ratio: 50%
Current ratio:1.8x
Total assets turnover:1.5x
Days sales outstanding: 36.5 days
Gross profit margin on sales: (Sales-Cost of goods sold)/Sales=25%
Calculation is bases on a 365-dayyear.
Inventory Turnover RatioInventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Question Posted: