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asap please The balance sheet for Bryan Corporation is given below. Sales for the year were $3,140,000, with 75 percent of sales sold on credit.
asap please The balance sheet for Bryan Corporation is given below. Sales for the year were $3,140,000, with 75 percent of sales sold on credit. BRYAN CORPORATION Balance Sheet Dec. 31, 20xx Assets Liabilities and Equity Cash Accounts payable $50,000 340,000 Accrued taxes Accounts receivable Inventory 400,000 Bonds payable (long term) Common stock $270,000 80,000 250,000 300,000 270,000 Plant and equipment 460,000 Retained earnings Total assets $1,250,000 Total liabilities and equity $1,250,000 Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final answers to 2 decimal places.) 2.26 x Current ratio 111 x b. Quick ratio- 48 N C. Debt-to-total-assets ratio 2.513 x Asset turnover 39.52 days Average collection period d. e. 5 of 12
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