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Complete the balance sheet (Round answers to the nearest whole dollar, e.g. 125. Use 365 days for calculation.) Need help finding the areas highlighted in
Complete the balance sheet (Round answers to the nearest whole dollar, e.g. 125. Use 365 days for calculation.)
Need help finding the areas highlighted in yellow. Please include all work and formulas! Thank you :)
Assets: Cash and marketable Accounts receivable Inventory Liabilities and Equity: Accounts payable and accruals$ Notes payable $300,000.00 Total current assets Total current liabilities Long-term debt $2,000,000 Net plant and equipment Common stock Retained earnings Total liabilities $1,250,000 Total assets $8,000,000 and equity You have the following information: 40 % 39 days Debt ratio DSO Current ratio Inventory turnover ratio Net sales Cost of goods sold 1.32 $1.95 million $2.36 millionStep by Step Solution
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