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PLEASE NOTE THAT FOR THE DSO RATIO USE 360 DAYS AS OPPOSED TO 365 3) Construct the following Balance Sheet from the following: DSO 10
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3) | Construct the following Balance Sheet from the following: | |||||||||||||||||
DSO | 10 days | |||||||||||||||||
Sales | 4,500,000 | |||||||||||||||||
Inventory Turnover | 27x | |||||||||||||||||
Cost of Goods Sold | 90% of Sales | |||||||||||||||||
Current Ratio | .8X | |||||||||||||||||
Long term debt is equal to two thirds of the total debt | ||||||||||||||||||
Creditors own 60% of the assets. Assets total 2MM | ||||||||||||||||||
Assets | Liabilities | |||||||||||||||||
Cash | Current Debt | |||||||||||||||||
A/R | Long Term Debt | |||||||||||||||||
Inv | ||||||||||||||||||
Total Debt | ||||||||||||||||||
Total Current | ||||||||||||||||||
Fixed Assets | ||||||||||||||||||
Total Assets | Net Worth | |||||||||||||||||
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