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are on Items 5-6 based the following information. Mendez Corporation discloses the following in relation to its financial statements for 2012. Cash 37,500 Plant and
are on Items 5-6 based the following information. Mendez Corporation discloses the following in relation to its financial statements for 2012. Cash 37,500 Plant and equipment 441,000 Total Assets 648,000 Income tax payable 37,500 Common stock 450,000 Gross margin for 2012 450,000 Accounts receivable, inventory? accounts payable, long-term debt, and retained earnings Total liabilities divided by 0.8 stockholder's equity Inventory based sales and 15 times ending inventory Inventory turnover based on cost 10.5 times of goods sold and ending inventory Current ratio at year end 1.5 to 1 on 5. Compute the Return Sales based n the information below. Annual sales 500,000 Net earnings 80,000 Investment 250,000 6. Compute the net cash cycle based on the information below. Inventory days - 90 days Average age of accounts payable- 60 days Average age of accounts receivable- 65 days
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