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Intro Sales for the year were $84,000 and cost of goods sold were $67,200. The balance sheet at the end of the year is given
Intro Sales for the year were $84,000 and cost of goods sold were $67,200. The balance sheet at the end of the year is given below: Assets Cash Accounts receivable Inventory Current assets Machines Real estate Net fixed assets 13,000 5,000 38,000 56,000 34,000 80,000 114,000 170,000 Liabilities and Equity Accounts payable 21,000 Current liabilities 21,000 Long-term debt 95,000 Total liabilities 116,000 Paid-in capital 20,000 Retained earnings 34,000 Equity 54,000 Total liab. & equity 170,000 Total assets - Attempt 1/6 for 1 Part 1 What is the firm's days' sales in receivables? 1+ decimals Submit Part 2 Attempt 1/6 fc What is the total asset turnover? 3+ decimals Submit
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