The 2018 sales for mojo inc were 48 million. the percentage of sales of each balance sheet
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Question:
The 2018 sales for mojo inc were 48 million. the percentage of sales of each balance sheet item that varies directly with sales is given below
cash: 3%
receivables 20%
inventories 25%
fixed assets 40%
accounts payable 15%
accruals 10%
The dividend ratio is 40% profit margin is 5% and both mortgage bonds and common stocks are constant and equal to the amounts shown on the balance sheet below.
complete the balance sheet:
cash:
receivables
inventories:
tca:
net fixed assets:
total assets
accounts payable:
notes payable: 4400000
accruals: 4800000
tcl:
mortgage bonds: 4000000
common stocks: 4000000
reatined earnings
total claims
Posted Date: