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North Star had the following data (thousands of dollars) Cash and equivalents 100,000 Fixed assets 283,500 Sales 1,000,000 Net income 50,000 Current liabilities 105,500 Notes
North Star had the following data (thousands of dollars)
Cash and equivalents 100,000
Fixed assets 283,500
Sales 1,000,000
Net income 50,000
Current liabilities 105,500
Notes payable to bank 20,000
Current ratio 3.00
Avg Sales/Day 2739.73
A/R 111,095.89
CA 316,500
TA 600,000
ROA 8.33%
DSO 40.55 days
ROE 12.00%
North Star has no preferred stockonly common equity, current liabilities, and long-term debt.
Find the following:
A) Common Equity
B) Inventory
C) Quick Ratio
D) Long Term Debt
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