determine what atlanta company recorded as long term debt in 2012,notes payable in 2012 and net fixed assets in 2012

USE THE DATA BELOW TO ANSWER QUESTIONS 29, 30 AND 31 - THE DATA WILL BE REPEATED FOR EACH OF THE QUESTIONS, BUT IT IS IDENTICAL FOR EACH Oiven the financial data and ratios listed below for the Atlanta Company, determine what Atlanta Company recorded as Notes payable on its 2012 balance sheet (Record your answer without a dollar sign, without commes, and if the sewer is a n ative umbes the followed by the number with no spaces between the mission and the number the record 33,34 as 3343 or negative 18 as-18) $10,000 40% 4 times 8% 45 days Sales Gross profit margin Inventory turnover ratio Net profit margin Average collection period Return on equity (ROE) Return on assets (ROA) Cash Current ratio Accounts payable days 50% 20% $250 2.5 30 days Notes: Of total sales, 80 percent are on credit: 20% are cash sales. Use COGS for inventory turnover ratio Assume a 360 day year. Atlanta Company Balance Sheet for Year Ending December 31, 2012 Cash Accounts receivable Inventory Net fixed assets Total assets Notes payable Accounts payable Long-term debt Equity Total liab. & equity Your Answer: Answer Previous Page Next Page Page 29 of 34