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The balance sheet for Bryan Corporation is given below. Sales for the year were $3,070,000, with 75 percent of sales sold on credit. Aasta Canh
The balance sheet for Bryan Corporation is given below. Sales for the year were $3,070,000, with 75 percent of sales sold on credit. Aasta Canh Accounts receivable Inventory Plant and equipment BRYAN CORPORATION Balance sheet Dec 31, 20XX Liabilities and Equity $50,000 Accounts payable 270,000 Accrued taxes 365,000 Honde payable (long term) 425,000 Common stock Retained earnings $1,110,000 $225,000 45,000 180,000 310,000 340,000 $1,110,000 Total assets Total liabilities and equity Compute the following ratios: (Use 365 days in a year. Do not round Intermediate calculation, Round the final answers to 2 decimal places.) A. b. C. Current ratio Quick ratio Debt-to-total-assets ratio Asset turnover Average collection period days
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