Question
Quantum Corporation has sales of $1,200,000 and 40 percent sales are for cash. Given the following ratios, fill in the balance sheet below. Total assets
Quantum Corporation has sales of $1,200,000 and 40 percent sales are for cash. Given the following ratios, fill in the balance sheet below. Total assets turnover 4 times Cash to total assets 2.0% Accounts receivable turnover 10.0 times Inventory Turnover 8.5 times Current ratio 5.0 times Debt to total assets 70.0% Quantum CORPORATION Balance Sheet 2019 Assets Liabilities & Stockholders Equity Cash __________ Current Debt _________ A/c Receivables __________ Long-term Debt __________ Inventory __________ Total Debt __________ Total Current Assets __________ Equity __________ Fixed Assets __________ Total Debt & Total Assets __________ Stockholders equity __________
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