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COMPUTE FOR THE FOLLOWING ACCOUNTS: (THE BALANCE SHEET SHOULD BALANCE) (In Pesos) Annual Credit Sales Gross Profit Margin Inventory Turnover No. of days in
COMPUTE FOR THE FOLLOWING ACCOUNTS: (THE BALANCE SHEET SHOULD BALANCE) (In Pesos) Annual Credit Sales Gross Profit Margin Inventory Turnover No. of days in a year Average Collection Period Current Ratio Total Asset Turnover Ratio Debt ratio Gross Profit *ALL SALES ARE CREDIT SALES 1,800,000 25% 6 365 45 days 1.6 1.2 60% ? Cash Marketable Sec. Accounts Receivable Inventories Total Current Assets Net Fixed Assets Total Assets Accounts Payable Notes Payable Accruals Total Current Liabilities Long Term Debt Stockholders' Equity Total Liab. And Equity 32,720 25,000 ? ? ? ? ? 120,000 ? 20,000 ? ? 600,000 ?
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