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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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