Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fill in the Balance Sheet. ( Do not round intermediate calculations. Round your answers to 2 decimal places. ) Sales $ 6 3 2 1

Fill in the Balance Sheet. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Sales $6321
Total Assets Turnover 4.8
Current Ratio 4
Quick Ratio 3.1
Current Liabilities to Stockholders Equity 0.47
Average Collection Period (Use End of Year AR)10
Total Debt Ratio 0.79
Balance Sheet
Assets
Liabilities & Equity
Cash 232.87 Numeric Response 1.Edit Unavailable. 232.87 incorrect.
Accounts Payable
130.98 Numeric Response 2.Edit Unavailable. 130.98 incorrect.
Accounts Receivables 173.17 Numeric Response 3.Edit Unavailable. 173.17 correct. Total Current Liabilities 130.98 Numeric Response 4.Edit Unavailable. 130.98 incorrect.
Inventory 117.88 Numeric Response 5.Edit Unavailable. 117.88 incorrect.
Long-Term Debt
909.36 Numeric Response 6.Edit Unavailable. 909.36 incorrect.
Total Current Asset
523.92 Numeric Response 7.Edit Unavailable. 523.92 incorrect. Total Liabilities 1040.34 Numeric Response 8.Edit Unavailable. 1040.34 correct.
Total Net Fixed Assets
792.96 Numeric Response 9.Edit Unavailable. 792.96 incorrect. Total Shareholders Equity
276.54 Numeric Response 10.Edit Unavailable. 276.54 correct.
Total Assets 1316.88 Numeric Response 11.Edit Unavailable. 1316.88 correct. Total Liabilities and Equity 1316.88 Numeric Response 12.Edit Unavailable. 1316.88 correct.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey S. Rosen

5th Edition

025617329X, 978-0256173291

More Books

Students also viewed these Finance questions