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Corporate finance Income statement Complete the Balance Sheet below based on the given information Cash & Securities Accounts Receivable Inventory Total current Assets Gross Fixed
Corporate finance Income statement
Complete the Balance Sheet below based on the given information Cash & Securities Accounts Receivable Inventory Total current Assets Gross Fixed Assets Accumulated Depreciation Net Fixed Assets Total Assets 60,000 $200,000 $120,000 Accounts Payable Short-term Notes Payable Accrued Liabilities Total Current Liabilities Long-Term Debt Total Debt Stockholder's Equity Total Liabilites and Equity 80,000 $730,000 Assumptions: Sales $2,190,000 Gross profit margin-35% Inventory Turnover- 7.3 365 days per year DSO45. days Current ratio1.40 Total Asset Turnover 1.20 Debt Ratio-Total Liabilities/Total Assets-60%Step by Step Solution
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