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Ivanhoe Automotive's balance sheet at the end of its most recent fiscal year shows the following information: Ivanhoe Automotive Balance Sheet as of March 31,
Ivanhoe Automotive's balance sheet at the end of its most recent fiscal year shows the following information: Ivanhoe Automotive Balance Sheet as of March 31, 2017 Assets Cash and marketable sec. Accounts receivable Liabilities and Equity: Accounts payable and sculs Notes payable $168,000 27,000 $40,000 158,000 232.000 $430,000 Inventory Total current assets Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total liabilities and equity $195,000 172,000 3367.000 317,000 613,000 $1,302,000 Net plant and equipment Goodwill and other assets Total assets 750,000 92,000 $1,302,000 In addition, it was reported that the firm had a net income of $159,000 on net sales of $4,200,000 Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem values you've been given here, and be sure to update any values that may have been pre-entered in What are the firm's current ratio and quick ratio? (Round answers to 2 decimal places, e.g.15.25.) Current Ratio 2.21 times times Quick Ratio Calculate the firm's days' sales outstanding, total asset turnover ratio, and fored asset turnover ratio. (Round days Days Sales Outstanding Total Asset Turnover Fored Asset Turnover
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