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please help asap! please explain steps too! always upvote Problem 3-18 Asset Management and Debt Management Ratios (LG3-2, LG3-3) Use the following information to complete
please help asap! please explain steps too! always upvote
Problem 3-18 Asset Management and Debt Management Ratios (LG3-2, LG3-3) Use the following information to complete the balance sheet below. Sales are $8.5 million, capital intensity ratio is 2.00 times, debt ratio is 60 percent, and fixed asset turnover is 1.70 times. (Enter your answers in millions of dollars rounded to 2 decimal places.) Assets Current assets Fixed assets Total assets Balance Sheet Liabilities and Equity Total liabilities Total equity Total liabilities and equity $ $ million million 0.00 million million million 0.00 million Step by Step Solution
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