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A corporation reports the following year-end balance sheet/income statement data. The company's days' sales uncollected for Year 2 is (use 365 days per year): Year
A corporation reports the following year-end balance sheet/income statement data. The company's days' sales uncollected for Year 2 is (use 365 days per year): Year 2 Year 1 Cash $ 38,000 $ 32,750 Short-term investments 95,000 62,500 Accounts receivable, net 88,000 82,000 Merchandise inventory 123,500 127,500 Prepaid expenses 12,600 10,200 Plant assets Accounts payable Net sales Cost of goods sold 110,900 562,000 625,000 392,500 377,500 390,500 340,500 110,300 13 A corporation reports the following year-end balance sheet data. The company's debt ratio, expressed in percentage terms, is: Cash Accounts receivable Inventory Equipment Total assets $ 53,000 Current liabilities 68,000 Long-term liabilities 73,000 Common stock 158,000 Retained earnings $352,000 Total liabilities and equity $ 88,000 30,000 113,000 121,000 $352,000 A company reported the following information for the year: Total Assets Total Liabilities Sales Cost of Goods Sold Operating Expenses Net Income $ 485,000 245,000 850,000 475,000 150,000 225,000 The company's profit margin ratio, expressed in percentage terms, is
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