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10:23 illal Cash Question #1 (5 points) The following data apply to J.S. Billings company Idollars in thousands): $200 Average Collection Period 40 days Net

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10:23 illal Cash Question #1 (5 points) The following data apply to J.S. Billings company Idollars in thousands): $200 Average Collection Period 40 days Net fixed assets $600 Net Income $60 Quick ratio 2 times Sales $900 Current Ratio 3 times Return on Equity 12% Billings has only current abilities, long-term debt and common equity on the right-hand side of its balance sheet and only cash, account receivable, inventories, and net fixed assets on the left-hand side of the balance sheet. Find Billing's: a) Account receivable balance b) Current assets c) Current liabilities dROA e) Long term debt fl Common equity

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