I have the following data: Debt/net worth :2.0 acid test ratio: 0.50 total asset turnover: 1.8 times
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Question:
I have the following data:
Debt/net worth :2.0
acid test ratio: 0.50
total asset turnover: 1.8 times
days outstanding in accounts receivable: 30days
gross profit margin: 30%
sales to inventory turnover: 6 times
Cash accounts payable
Accounts receivable common stock 20,000
plant and equipment retained earnings 30,000
total assets total liabilities and equity
sales cost of good sold
complete the balance sheet and sales information using this information
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