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plz solve step by step . and give me full solution detail step by step Q No.9 The following data are from the U Guessed
plz solve step by step . and give me full solution detail step by step
Q No.9 The following data are from the U Guessed it Company's financial statements. This company is a manufacturer of board games for young adults. The market is fiercely competitive, therefore all sales ($20 million) for the year 1983 were on credit. Given the following ratios, fill in the balance sheet below: Sales to total assets Total debt to assets Current Ratio Inventory turnover Average collection period Fixed asset turnover 2 times 40% 3.0 times 5.0 times 18 days 5.0 times U GUESSED IT CO. BALANCE SHEET, 1983 Assets Liabilities & Shareholder's Equity Cash Accounts Receivable Inventory Total Current assets Total Current Liabilities Long term Debt Total Debt Net Worth Fixed Assets Total Assets Total Liabilities & EquityStep by Step Solution
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