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The balance sheet for Bryan Corporation is given below. Sales for the year were $3.190,000, with 75 percent of sales sold on credit Assets Cash
The balance sheet for Bryan Corporation is given below. Sales for the year were $3.190,000, with 75 percent of sales sold on credit Assets Cash Accounts receivable Inventory Plant and equipment BRYAN CORPORATION Balance Sheet Dec. 31, 20XX Liabilities and Equity $60,000 Accounts payable 390,000 Accrued taxes 425,000 Bonds payable (long tern) 485,000 Common stock Retained earnings $1,360,000 Total liabilities and equity $295,800 50,000 300,000 430,000 285,800 $1,360,000 Total assets Compute the following ratios: (Use 365 days in a year. Do not round intermediate calculation. Round the final answers to 2 decimal ploces.) D Current ratio Quick ratio Debt-to-total-assets ratio Asset turnover Average collection period X
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