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
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
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