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Calculate the firms days sales outstanding, total asset turnover ratio, and fixed asset turnover ratio. Question 14 Cullumber Automotive's balance sheet at the end of
Calculate the firms days sales outstanding, total asset turnover ratio, and fixed asset turnover ratio.
Question 14 Cullumber Automotive's balance sheet at the end of its most recent fiscal year shows the following information: Assets: Cash and marketable sec. Accounts receivable Inventory Total current assets $169,000 28,000 Cullumber Automotive Balance Sheet as of March 31, 2017 Liabilities and Equity: $23,000 Accounts payable and accruals 141,000 Notes payable 243,000 $407,000 Total current liabilities Long-term debt Total liabilities 750,000 Common stock 97,000 Retained earnings $1,254,000 Total liabilities and equity Net plant and equipment Goodwill and other assets Total assets $197,000 167,000 $364,000 324,000 566,000 $1,254,000 In addition, it was reported that the firm had a net income of $169,000 on net sales of $4,700,000Step by Step Solution
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