Question
Complete the balance sheet and sales information using the following financial data: Balance sheet Cash ________ Current liabilities _________ Accounts Receivable ________ Long-term debt 120,000
- Complete the balance sheet and sales information using the following financial data:
Balance sheet
Cash ________ Current liabilities _________
Accounts Receivable ________ Long-term debt 120,000
Inventories ________ Common stock _________
Total assets $600,000 Retained earnings 195,000
Total liabilities and equity _________
Sales ________ Cost of good sold ____40%sales__
Current ratio: 2.o X
Fixed assets turnover: 3.0 X
Inventory turnover: 3.0 X
Days sales outstanding: 36.5 days
Total assets turnover: 1.5 X
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Foundations Of Financial Management
Authors: Stanley Block
8th Canadian Edition
0070965447, 9780070965447
