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1- A company has the attached balance sheet in the previous year. At the end of 2020, an auditor (may be you) finds out the

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1- A company has the attached balance sheet in the previous year. At the end of 2020, an auditor (may be you) finds out the following transactions in 2020: (a) The company obtained a short-term bank loan of 200 TL; (b) The company issued a stock dividend of 100 TL by using its retained earnings. Assuming that these are the only transactions, the following ratios are calculated as of the 2020 year-end: (a) Current ratio is 1,3; (b) Quick ratio is 1.1: (c) Cash ratio is 0.7: (d) Financial leverage ratio is 1,2; (e) Debt-to-equity ratio is -6. What is the total assets in the 2020 balance sheet? BALANCE SHEET (31.12.2019) Cash and Cash Equivalents 100 Short-term debt Accounts Receivable 200 Accounts Payable Inventory 250 Long-term debt Property, Plant and Equipment 400 Common Stock Retained Earnings TOTAL ASSETS 950 TOTAL LIABILITIES + EQUITY 150 100 300 250 150 950 O 1.182 TL 985 TL 855 TL 1.085 TL O Diger: 2- Refer to Question 1. Suppose that the company has a credit sales revenue amount of 1.000 TL in 2020. What is the accounts receivable turnover in days as of the 2020 year-end? (1 year = 360 days) 68,4 days 72.4 days 0 67,4 days 69,4 days Dier: 3- Refer to Question 1. Suppose that cost of goods sold was 800 TL in 2020. What is the inventory turnover ratio as of the 2020 year-end? (1 year = 360 days) 3,20 4.71 8,89 6,55 Dier 4- Refer to Questions 1,2 and 3. What is the approximate cash conversion cycle for the company as of 2020 year-end? (1 year = 360 days) 90 days O 95 days O 100 days 105 days Dier 5- Refer to Question 1 and 2. What is the net profit margin for the company as of the 2020 year-end? 20,0% -73,2% O 15,2% O -59,7% O Dier

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