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Can someone help me figure out why i keep getting the yellow highlighted ratio (Days' sales uncollected) wrong? Also, could you help me make sure
Can someone help me figure out why i keep getting the yellow highlighted ratio (Days' sales uncollected) wrong? Also, could you help me make sure that the gray-highlighted ratios are correct? Thank you.
H 5 BUS- FP4061 DyalMichael Assessment10-2.xlsx Excel michael dy Insert Page Layout Formulas Data Review view Q Tell me what you want to do File Home dx cut 2 Autosu A Et Wrap Text General BE BE Co 3E Merge & Center og Conditional Format as Cell nsert Delete Format Paste Sort & Find B I U Format Painter Clear Filter Select Formatting Table Clipboard Fon Alignment Number Editing N53 C D E G H I BUS-FP4061 Managerial Accounting Principles Assessment 10: Ratio Analysis Worksheet Problem 1 Solve the given problem based on the following scenario Megacorp's balance sheet and income statement, including all credit sales, are given in the table below. As of December 31, 2012. Inventories were $46.500 Total assets were $178,500. Common stock was $90,000 Retained earnings were $20,600. Megacorp Income Statement (December 31, 2013) 349,500 Sales Cost of goods sold 238,250 111,250 Gross profit 51,250 Operating expenses Interest expenses 4,000 Income before taxes 56,000 22 16.800 Taxes (at 30%) 23 Sheet1 CEI Ready :42 PM CD Ask me anything share
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