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Information : Operating Ratio (ratio of total cost to sales) = 60% Asset turnover rate = 4x Fixed assets ratio to total assets = 80%
Information : Operating Ratio (ratio of total cost to sales) = 60% Asset turnover rate = 4x Fixed assets ratio to total assets = 80% Cash to inventory ratio = 50% Quick Ratio = 80% The ratio of long-term debt to fixed assets is 50% Inventory turnover = 8x
Question: Complete the account values in the Balance Sheet and Income Statement above and answer step by step.
Brawn Company Balance sheet 31 December 2018 Current liabilities Bonds Own Capital BER ..... Cash Account receivable Inventory Fixed asset Total asset 500,000 .... . ***** Total liabilities&capital ...... Brawn Company Income Statement 31 December 2018 ***** BRE 6,000,000 6,000,000 Net sales Cost of goods sold Gross profit Administration&general expense Cost of sales Total cost Earning before interest&taxes (EBIT) Interest 10% Profit before tax (EBT) Tax (30%) Net profit?profit after tax (EAT) 12,000,000Step by Step Solution
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