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Problem 3-25 The balance sheet for Bryan Corporation is given below. Sales for the year were $3.210,000, with 75 percent of sales sold on credit
Problem 3-25 The balance sheet for Bryan Corporation is given below. Sales for the year were $3.210,000, with 75 percent of sales sold on credit Cash Accounts receivable Inventory Plant and equipment BRYAN CORPORATION Balance Sheet Dec. 31. 20xx Llabilities and Equity 580,000 Accounts payable 410,000 Accrued taxes 435,000 Bonds payable (long tern) 495,000 Common stock Retained earnings 52,420,000 Total liabilities and equity $385,000 50,000 320,000 450.00 285,000 $1,420,000 Total assets Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final answers to 2 decimal places.) b. X Current ratio Quick ratio Debt-to-total-assets ratio Asset turnover Average collection period d days
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