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The balance sheet for Revolution Clothiers is shown below. Sales for the year were $ 3 , 5 0 0 , 0 0 0 ,
The balance sheet for Revolution Clothiers is shown below. Sales for the year were $ with percent of sales sold on credit.
REVOLUTION CLOTHIERS
Balance Sheet X
Assets Liabilities and Equity
Cash $ Accounts payable $
Accounts receivable Accrued taxes
Inventory Bonds payable longterm
Plant and equipment Common stock
Paidin capital
Retained earnings
Total assets $ Total liabilities and equity $
Compute the following ratios:
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