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11. What is the fixed assets level? (use the financial data above) * $ 500 $ 300 $ 8000 $ 800 None of the above
11. What is the fixed assets level? (use the financial data above) * $ 500 $ 300 $ 8000 $ 800 None of the above 12. What is the value of Accounts Receivables? (use the financial data above) * $ 2,000 $ 250 $ 30 $ 40 None of the above 13. What is the inventory level? (use the financial data above) * $ 3,000 $ 2,300 $ 5,160 $ 5,750 None of the above 14. What is the value of common equity? (use the financial data above) * $ 12,800 $ 1,842 $ 2,875 $ 1,275 None of the above
Use the Leno Co. financial data given below to answer the following 4 questions: Ratios Total Assets Turnover Fixed Assets Turnover DSO (Year is 360 days) Quick Ratio Return on Assets Value 0.2 2 9 5 28% Total Assets Total liabilities and equity Cash $ 2,000 Accounts payable ?? A/R ?? Long-term debt $ 4,000 Inventories ?? Common equity ?? Fixed Assets ?? Retained Earnings $ 1,750 Total Assets $ 8,000 Total liabilities and equity ?? SalesStep by Step Solution
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