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Problem 3- The following information is from Harrelson Inc.'s financial statement. Sales (all credit) were $28.5 million for last year. Sales to total assets Total
Problem 3- The following information is from Harrelson Inc.'s financial statement. Sales (all credit) were $28.5 million for last year. Sales to total assets Total debt to total assets Current ratio Inventory turnover Average collection period Fixed asset turnover 1.9 times 35% 2.5 times 10.0 times 20 days 5.0 times Fill these balance sheet items: Assets Cash Account receivable Inventory Total current assets Fixed assets Total assets Liabilities and Stockholder's Equity Current debt Long-term debt Total debt Equity Total debt and equity Stockholders equity
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