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PardofupcapitalPlantandmachineryTotalsalesGrossprofitAnnualcreditsalesCurrentratio50,000125,000500,00025%80%ofhetsale2 Inventory turnover 2 fixed Assets Turnover 2 sales Returas 20% of sales Avg. Collection period 73 days. Bank credit to trade credit 2 Casth
PardofupcapitalPlantandmachineryTotalsalesGrossprofitAnnualcreditsalesCurrentratio50,000125,000500,00025%80%ofhetsale2 Inventory turnover 2 fixed Assets Turnover 2 sales Returas 20% of sales Avg. Collection period 73 days. Bank credit to trade credit 2 Casth to inventory 1:15 Total debt to current lia. 3 Prepare balance sheet
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