Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer number 1 - 10, without solution. (In Pesos) Annual Credit Sales 1,800,000 Cash 32,720 Gross Profit Margin 25% Marketable Sec. 25,000 6 Accounts Receivable

image text in transcribedanswer number 1 - 10, without solution.

(In Pesos) Annual Credit Sales 1,800,000 Cash 32,720 Gross Profit Margin 25% Marketable Sec. 25,000 6 Accounts Receivable 1. ? Inventory Turnover No. of days in a year Average Collection Period 365 Inventories 2. ? 45 days Total Current Assets 3. ? Current Ratio 1.6 Net Fixed Assets 4. ? Total Asset Turnover Ratio 1.2 Total Assets 5. ? Debt ratio 60% Accounts Payable 120,000 Notes Payable 6. ? Accruals 20,000 Gross Profit 7. ? Total Current Liabilities 8. ? Long Term Debt 9. ? Stockholders' Equity 600,000 *ALL SALES ARE CREDIT SALES Total Liab, And Equity 10

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematics Of Finance

Authors: Petr Zima

2nd Edition

0070082030, 9780070082038

More Books

Students also viewed these Accounting questions