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The balance sheet of Green House, LLP at the end of its most recent fiscal year, displays the following information: In addition, the company reported
- The balance sheet ofGreen House,LLP at the end of its most recent fiscal year, displays the following information:
In addition, the company reported the following:
- Net income = $156,042
- Sales = $4,063,589
Determines the following values for the company (5 points):
- Current ratio _____________
- Quick ratio _____________
- Days sales outstanding (DSO) _____________
- Total asset turnover ratio _____________
- Fixed asset turnover ratio _____________
Assets Liabilities and Stockholders' Equity Accounts payable $ 23,015 $ 163,257 Cash and marketable securities Accounts receivable Inventories Total current assets Notes payable 21,115 141,258 212.444 $ 376,717 $ 184,372 168,022 $ 352,394 313,299 512,159 Net plant and equipment Goodwill and other assets Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total liabilities and stockholders' equity 711,256 89,879 Total assets $1,177,852 $1,177,582
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