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HW 32. We are given the following information for the Coleman Machine Tools Corporation. Sales (credit) $7,200,000 Cash 300,000 Inventory 2,150,000 Current liabilities 1,400,000 Asset

HW 32. We are given the following information for the Coleman Machine Tools Corporation. Sales (credit) $7,200,000 Cash 300,000 Inventory 2,150,000 Current liabilities 1,400,000 Asset turnover 1.20 times Current ratio 2.50 times Debt-to-assets ratio 40% Receivables turnover 8 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items. a. Accounts receivable. b. Marketable securities. c. Fixed assets. d. Long-term debt.

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