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Given the following information: Total asset turnover 2.5 times Accounts receivable turnover 25 times Fixed asset turnover 5 times Inventory turnover (based on cost of
Given the following information:
Total asset turnover | 2.5 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) | $6,000,000 |
Cost of goods sold | 60% of sales |
Debt ratio | 50% |
Calculate the following:
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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