Question
Consider Fisher & Company's financial data as below (unit: millions of dollars excluding rate and time figures): Cash and securities 100 dollars fixed assets 280
Consider Fisher & Company's financial data as below (unit: millions of dollars excluding rate and time figures):
Cash and securities | 100 dollars |
fixed assets | 280 dollars |
Sales | $1,200 |
Net income | $358 |
Inventory | 180 dollars |
current rate | 3.2 |
Average collection times | 45 days |
Average common stock | $500 dollars |
- Required:
- Find Fisher's accounts receivable
- Calculate the amount of current assets
- Determine the current debt amount
- Determine the amount of total assets
- Calculate the long-term debt amount
- Calculate the net profit margin
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
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