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The balance sheet for Bryan Corporation is given below. Sales for the year were $3,140,000, with 75 percent of sales sold on credit. BRYAN CORPORATION
The balance sheet for Bryan Corporation is given below. Sales for the year were $3,140,000, with 75 percent of sales sold on credit. BRYAN CORPORATION Balance Sheet Dec. 31, 20XX Cash Accounts receivable Inventory Plant and equipment Total assets e. Assets Current ratio Quick ratio $50,000 340,000 400,000 460,000 Debt-to-total-assets ratio Asset turnover Average collection period $1,250,000 Accounts payable Accrued taxes Bonds payable (long term) Common stock Retained earnings Liabilities and Equity 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.) X x X days Help Save & Exit $270,000 80,000 250,000 380,000 270,000 $1,250,000 Submit
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