Question
finance question Given this COM Co's. Balance Sheet at 31/12/2018 Assets Liabilities Cash 65000 Account payable Mar/sec 30000 Notes payable 8000 Acc/rec 180000 Interest payable
finance question
Given this COM Co's. Balance Sheet at 31/12/2018
Assets | Liabilities | ||
Cash | 65000 | Account payable | |
Mar/sec | 30000 | Notes payable | 8000 |
Acc/rec | 180000 | Interest payable | 4800 |
inventory | accurals | 4200 | |
Total C/A | Total C/L | ||
Gross fixed assets | Long term debt | ||
Less Acc/Dep | 25000 | common stock | 115000 |
Net fixed assets | Retaine earning | 125000 | |
Total assets | Total liabilities and eq | ||
Another data were provided about the company during 2018
Sales = $1,840,00.0 ; Gross profit margin = 30.0%; Inventory Turn-Over = 8.0 times; Current Ratio - 5.0; Total Asset Turn-Over = 2.0; Total Debt ratio = 73.91%; Purchases = 60.0% of sales;(Use 360 days/year).
hint: use the debt ratio in your calculations
Find
1- COM. Inventories?
2 -COM Net Fixed Assets?
3 - COM APP average Payment Period)and COM (Average Age of Inventory) ?
4- COM Total Current Liabilities and COM Total Current Assets?
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