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hi I need detailed explanation of this: Sales-$320,000Accumulated Depreciation-$15000 Gross Profit Margin-30%Return on Assets-12.5% Inventory Turnover Ratio-8Acounts Payable Days-18 Net Profit Margin-4%Notes Payable-$1800 Average Collection
hi I need detailed explanation of this:
Sales-$320,000Accumulated Depreciation-$15000
Gross Profit Margin-30%Return on Assets-12.5%
Inventory Turnover Ratio-8Acounts Payable Days-18
Net Profit Margin-4%Notes Payable-$1800
Average Collection Period-45Gross Fixed Assets-$48000
Return on Equity-25%Percent of Sales on Credit(remainder are cash sales)-75%
Cash=Notes Payable=
AR=Accounts Payable=
Inventory=Long-term Debt=
Gross Fixed Assets=Equity=
Net Fixed Assets=TOTAL LIABILITY AND EQUITY=
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