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AgBiz Corporation Balance Sheet at the End of YEAR 1: Current Assets: $174,000 Cash $ 17,000 $ 30,000 $127.000 Accounts Receivable Inventory Other Assets: Land

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AgBiz Corporation Balance Sheet at the End of YEAR 1: Current Assets: $174,000 Cash $ 17,000 $ 30,000 $127.000 Accounts Receivable Inventory Other Assets: Land Buildings $250,000 $255,000 Equipment $235.000 $740,000 Other Assets: Total Assets $1.020,000 $ 89,950 $ 53,000 $ 36,950 Current Liabilities: Accounts Payable Notes Payable Long-term Liabilities: Notes Payable Bonds Payable Total Liabilities: $320,050 $220.050 $100,000 $410,000 Owner's Equity or Total Net Worth: $610,000 Total Liabilities and Owner's Equity $1,020,000 Calculate the inventory turnover ratio and convert it to days. Calculate the accounts receivable tumover (assume 30% of sales are on credit) and covert it to days. If the accounts receivable are due in 30 days, is this accounts receivable turnover good or bad? Accounts payable turnover converted to days (assume 20% of your purchases are on credit. (use Cost of Goods Sold Operating Expenses for numerator) Calculate the return on equity. (this answer is a percentage) Calculate the return on investment. (answer will be a percentage) Calculate the return on sales. (answer will be a percentage) AgBiz Corporation Balance Sheet at the End of YEAR 1: Current Assets: $174,000 Cash $ 17,000 $ 30,000 $127.000 Accounts Receivable Inventory Other Assets: Land Buildings $250,000 $255,000 Equipment $235.000 $740,000 Other Assets: Total Assets $1.020,000 $ 89,950 $ 53,000 $ 36,950 Current Liabilities: Accounts Payable Notes Payable Long-term Liabilities: Notes Payable Bonds Payable Total Liabilities: $320,050 $220.050 $100,000 $410,000 Owner's Equity or Total Net Worth: $610,000 Total Liabilities and Owner's Equity $1,020,000 Calculate the inventory turnover ratio and convert it to days. Calculate the accounts receivable tumover (assume 30% of sales are on credit) and covert it to days. If the accounts receivable are due in 30 days, is this accounts receivable turnover good or bad? Accounts payable turnover converted to days (assume 20% of your purchases are on credit. (use Cost of Goods Sold Operating Expenses for numerator) Calculate the return on equity. (this answer is a percentage) Calculate the return on investment. (answer will be a percentage) Calculate the return on sales. (answer will be a percentage)

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