Question
1. Calculate Builtrites balance sheet based upon the following information: (360 day year, all credit sales) Net Profits after tax $1,800,000 Current Ratio 2 Total
1. Calculate Builtrites balance sheet based upon the following information:
(360 day year, all credit sales)
Net Profits after tax $1,800,000
Current Ratio 2
Total Asset Turnover 2
Net Profit Margin 10%
Quick Ratio 1
Average Collection Period 18 days
Current Liab/Common Equity 20%
Debt Ratio 40%
Cash __________ Current Liabilities __________
Accts Rec __________ Long-term Debt __________
Inventory __________ Total Debt __________
Total CA __________ Common Equity __________
Fixed Assets __________ Total Liab & CE __________
Total Assets __________
Please Show all Formula Notes
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Managing The Audit Function A Corporate Audit Department Procedures Guide
Authors: Michael P. Cangemi
2nd Edition
0471012556, 978-0471012559
