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Question 2 (20 marks) 54 minutes Shake Industries Balance Sheet 31, December 2017 Assets Liabilities and Stockholders' Equity Cash . $32 720 Accounts Payable $120
Question 2 (20 marks) 54 minutes Shake Industries Balance Sheet 31, December 2017 Assets Liabilities and Stockholders' Equity Cash . $32 720 Accounts Payable $120 000 Marketable Security $25 000 Notes Payable Accounts receivable Accruals $20 000 Inventories Pokemon Total Current liabilities where Total current assets a X Long term debts Store Net fixed assets Stockholders' equity $600 000 Total assets Total Liabilities and Equity Gan protte sure to wo The following financial data for 2015 are also available: co Cuint Kaho. 1. Sales totaled $ 1 800 000. A 2. The gross profit margin was 25%. 3. Inventory turnover was 6.0. A 4. There are 365 days in the year. 5. The average collection period was(40 day 6. The current ratio was 1.60. 7. The total asset-turnover ratio was 1.20 8. The debt ratio was 60% SAL ICBJA 1.60 Use the available information to complete the balance sheet missing figures. costs 2880 do
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