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Fill in the missing amounts: Cash P Accounts and Notes Payable P Accounts receivable Common stock 600 Inventory Retained earnings 900 Plant and equipment ________
Fill in the missing amounts:
Cash P Accounts and Notes Payable P
Accounts receivable Common stock 600
Inventory Retained earnings 900
Plant and equipment ________
Total Assets P Total Liabilities and equity P
Additional information:
Turnover of operating assets 1.5 times DSO = 40 days
Ratio of debt to net worth 0.6 to 1 Gross margin 30%
Turnover of inventory based on year Acid test ratio 1.2 : 1
end inventory 6 times
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