Question
The following data are from U Guessed It Company?s financial statements. U Guessed It manufactures board games for young adults, and it completes with Marker
The following data are from U Guessed It Company?s financial statements.
U Guessed It manufactures board games for young adults, and it completes with Marker Brothers and Bilton Redley. Sales (all credit) were $20 million for 2015. COGS were 80% of sales.
Sales to total assets???????????2.0 times
Total debt to total assets???????????40%
Current ratio?????????????.3.0 times
Inventory turnover???????????4.0 times
Average collection period????????.18.0 days
Capital asset turnover???????????5.0%
Using to above information calculate the balance sheet: (Enter the answers in millions. Use 365 days in a year. Do not round intermediate calculations. Round the final answers to 3 decimal places.)
Cash Accounts receivable Inventory Total current assets Capital assets Total assets $ U-Guessed It Company December 31, 2015 (Millions) Current debt Long-term debt Total debt Equity Total debt and shareholders' equity S
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