Balance Sheet

Cole Eagan Enterprises

December $31,2010$

Intrucciones: Conteste las preguntas de la $58$ a la $63$ con la Tabla $3\mathrm{.}1($Table $3\mathrm{.}1)$ mostrada arriba y con la

informaci$$n que se brinda a continuaci$$n:

Information for $2010$:

Sales totaled $$110,000$

The gross profit margin was $25$ percent.

Inventory turnover was $3\mathrm{.}0.$

There are $360$ days in the year.

The average collection period was $65$ days.

$6.$ The current ratio was $2\mathrm{.}40.$

The total asset turnover was $1\mathrm{.}13.$

The debt ratio was $53\mathrm{.}8$ percent.

Inventory for CEE in $2010$ was

$($a$)$ $$36,667$

$($b$)$ $$32,448$

$($c$)$ $$27,500$

$($d$)$ $$9,167$

Notes payable for CEE in $2010$ was

$($a$)$ $$113,466$

$($b$)$ $$52,372$

$($c$)$ $$41,372$

$($d$)$ $$10,609$

Accounts receivable for CEE in $2010$ was

$($a$)$ $$14,056$

$($b$)$ $$19,861$

$($c$)$ $$14,895$

$($d$)$ $$18,333$

Net fixed assets for CEE in $2010$ were

$($a$)$ $$45,484$

$($b$)$ $$48,975$

$($c$)$ $$54,511$

$($d$)$ $$69,341$

$($See Table $3\mathrm{.}1)$

$($See Table $3\mathrm{.}1)$

$.($See Table $3\mathrm{.}1)$

Total assets for CEE in $2010$ were

$($a$)$ $$45,895$

$($b$)$ $$124,300$

$($c$)$ $$58,603$

$($d$)$ $$97,345$

Long$-$term debt for CEE in $2010$ was

$($a$)$ $$30,763$

$($b$)$ $$52,372$

$($c$)$ $$10,608$

$($d$)$ $$41,372$

$($See Table $3\mathrm{.}1)$

$($See Table $3\mathrm{.}1)$