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soru8? 6- Suppose that you are assigned to construct the balance sheet of a company with the following information: - The company has cash, inventory,

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6- Suppose that you are assigned to construct the balance sheet of a company with the following information: - The company has cash, inventory, accounts receivables, fixed assets, short-tenm borrowings, accounts payables, long-term borrowings, and equity only - Short-term borrowings and long-term borrowings are interest bearing liabilities. - The net working capital is twice the non cash working capital. - Equity multiplier is 3,7. - Debt to equity ratio is 1,4 - Net debt, which is defined as debt minus cash is 500TL - Cash is 200TL. - Net sales (all on credit) is 1.000TL - Cost of goods sold is 1,170TL. - Accounts receivable turnover is 4. - Accounts payable turnover is 1,8 . - Inventory turnover is 3,9. 8. Refer to Question 6 above. Suppose that in the following year net sales and cost of goods sold are doubled, but all turnover ratios remained the same. An additional short term borrowing is obtained from the bank for 140TL in order to finance operating activities. All other things being constant what would be growth rate in the total assets? (Hint attention to denominators in calculating tumovers) a. 4090 b. 50% c. 60% d. 70%

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