Question
the balance sht for Bryan Corp is shown below .Sales for the year were 3,040,000with 75 percent of sales on credit. Cash 50,000 Liabilities /Stockholders
the balance sht for Bryan Corp is shown below .Sales for the year were 3,040,000with 75 percent of sales on credit.
Cash 50,000 Liabilities /Stockholders
Account Receivable 280,000 Accounts payable 220,000
Inventory 240,000 Accured taxes 80,000
Bonds (long term) 118.000
Common stock 100,000 Compute the following ratios
Plant and equipment 380,000 paid in capital 150,000 a)Current ratio b) Quick ratio c)Debt to total assets ratio d)Asset turnover period
total assets 950,000 retaining earnings 282,000 e)Average collection period.
total liablitiies 950,000
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