1 2 Mustang Corporation has the following information On its balance sheets (Millions of dollars) a Cash $45 b Accounts Receivable $30 C Inventories $100 d Net Fixed Assets $500 e Accounts Payable $20 f Accruals $10 g Short Term Debt (matures in less than a year) $25 h Long Term Debt $200 i Total Common Equity $415 On its Income Statement Reports j Sales $1,000 k Costs of Goods Sold (excluding depreciation) $450 I Depreciation $50 m Other Operating Expenses $100 Interest Expense $20 Tax Rate 20 n 0 Calculate the following Ratios 1 2 1 Total Assets Turnover 1 2 2 Fixed Assets Turnover 1 2 3 Days Sales Outstanding (based on 365 day year) 1 2 4 Inventory Turnover

Question

1 2  Mustang Corporation has the following information  On its balance sheets (Millions of dollars)  a  Cash  $45 b  Accounts Receivable  $30 C  Inventories  $100 d  Net Fixed Assets  $500 e  Accounts Payable  $20 f  Accruals  $10 g  Short Term Debt (matures in less than a year)   $25 h  Long Term Debt  $200 i  Total Common Equity  $415 On its Income Statement Reports  j  Sales  $1,000 k  Costs of Goods Sold (excluding depreciation)   $450 I  Depreciation  $50 m  Other Operating Expenses  $100 Interest Expense  $20 Tax Rate  20  n  0  Calculate the following Ratios  1 2 1  Total Assets Turnover 1 2 2  Fixed Assets Turnover 1 2 3  Days Sales Outstanding (based on 365 day year) 1 2 4  Inventory Turnover

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1.2. Mustang Corporation has the following information: On its balance sheets (Millions of dollars): a. Cash= $45 b. Accounts Receivable= $30 C. Inventories= $100 d.

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