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need an answer asap.please We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio
need an answer asap.please
We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $4,344,000 229,000 873,000 773,000 1.45 times 2.80 times 50 % 8 times Current assets are composed of cash, marketable securities, bccounts receivable, and inventory Calculate the following balance sheet items: $ $ a. Accounts receivable b. Marketable securities c. Capital assets d. Long-term debt $ $Step by Step Solution
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