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Can someone help me with #18? 17 The Paragon Company has sales of $2,000 with a cost ratio of 60%, current ta (ACP) of 45
Can someone help me with #18?
17 The Paragon Company has sales of $2,000 with a cost ratio of 60%, current ta (ACP) of 45 days. Complete the following current section of the firm's balane Tntrodection to Financial Monagement Part 1 106 1.5, inventory turnover ratio (based on cost) of 3.0, and average collection pe 20. Tribke En Accounts payable $ Accruals Accounts receivable Inventory Cash Current liabilities $ 75% Current assets 18. You are given the following selected financial information for The Blatz Corpo Balance Sheet ncome Statement $750 Cash $250 COGS $160 Net fixed assets Net income $850 Ratios ROS 10% Current ratio 2.3 Inventory turnover ACP 6.0X 45 days Debt ratio 49.12% Calculate accounts receivable, inventory, current assets, current liabilities, de equity, ROA, and ROE 19. Companies often use ratios as a basis for planning. T technique is to assune business being planned will achieve targeted levels cf certain ratios and then culate the financial statement amounts that will result in those ratios. The p always starts with a dollar assumption about sales revenue. Forecast the balana sheet for Lambert Co. using the following projected information ($000). Rac all projections to the nearest thousand dollarsStep by Step Solution
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