assets

supplies: 3000

account receivable: 8000

buildings:24000

cash:2000

inventory:5000

land:12000

supplies:30000

liabilities and equity

retained earnings: 6000

wages payable: 2000

notes payable: 31000

accounts payable: 5000

common stock:10000

customer return policies across competitors

telo:60 days

wozz: 10 days

creft: 15 days

As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard, Sales and Costs for Competing Companies Telo Creft Wozz $100,000 $80,000 $60,000 $40.000 $20,000 $0 Sales Sales DOS Sales PIOS Sales DIOS discounts Sales returns & allowances Cost of goods Sales discounts Sales returns & allowances Cost of goods Sales discounts Sales returns & allowances Cost of goods Telo's Assets Amounts at December 31 Credit Terms (Days) Supplies Accounts receivable Telo Land . VI Telo's Assets Amounts at December 31 Credit Terms (Days) Supplies Accounts receivable Telo Land Creft C Wozz Inventory Buildings Cash 0 10 20 30 40 50 60 70 Telo's Liabilities & Equity Customer Return Policies Across Competitors Amounts at December 31 Retained Earnings Wages payable Common Stock O Creft Telo Notes payable Accounts payable Wozz 1. Prepare Telo's classified balance sheet as of December 31. 2. Which of following actions would increase the amount of cash available to Telo? 3. Which one of the following actions would most likely reduce sales returns and allowances? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare Telo's classified balance sheet as of December 31. TELO Balance Sheet December 31 Assets Current assets Total current assets Plant assets Prey 1 of 1 !!! Next Total current assets Plant assets Total plant assets Total assets Liabilities Current liabilities Total cuitant liabilities Long-term liabilities Total liabilities Equity Total equity Total liabilities and equity Which of following actions would increase the amount of cash available to Telo? (Select all that apply) Reduce the credit period for its credit sales to customers. Increase the credit period for its credit sales to customers. Increase the inventory available for sale. Negotiating an increase in the credit period for purchases with suppliers