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Can somebody please help me solve the values for each of the blanks? Thank you! Number of shares outstanding 15000 Average collection period (days) 60
Can somebody please help me solve the values for each of the blanks? Thank you!
Number of shares outstanding 15000 Average collection period (days) 60 Sales $200,000 Accounts payable days 90 $23,700 Gross profit margin Retained earnings (2015) 20% 4 Dividend payout ratio 80% Inventory turnover ratio $8,000 $4,000 Notes payable Accruals Net profit margin 15% Current ratio 1.5 8% Debt ratio 40% Return on assets Note: Of total sales, 60 percent are on credit and the remainder are cash sales. Assume a 360-day year. All data in the table above, unless otherwise stated, is for the year 2016. Hodun, Inc. Balance Sheet for the Year Ending December 31, 2016 Cash Notes payable Accounts receivable Accounts payable Accruals Inventory Long-term debt Net fixed assets Total assets Common stock ($2 par value) Capital surplus Retained earnings Total liab. & equityStep by Step Solution
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