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Given the following information: Total asset turnover 2.0 times Accounts receivable turnover 25 times Fixed asset turnover 5 times Inventory turnover (based on cost of
Given the following information:
Total asset turnover | 2.0 times |
Accounts receivable turnover | 25 times |
Fixed asset turnover | 5 times |
Inventory turnover (based on cost of goods sold) | 5 times |
Current ratio | 2 |
Sales (all on credit) | $5,000,000 |
Cost of goods sold | 70% of sales |
Debt ratio | 60% |
Calculate:
Cash | |
Accounts receivable | |
Inventories | |
Net fixed assets | |
Total assets | |
Current liabilities | |
Long-term debt | |
Total liabilities | |
Common equity | |
Total liabilities and common equity |
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