Question
The company's cost of goods sold is $................ (Round to the nearest dollar.) 1. The company's total assets are $___________(round to the nearest dollar) 2.
The company's cost of goods sold is $................ (Round to the nearest dollar.)
1. The company's total assets are $___________(round to the nearest dollar)
2. The company's fixed assets are $___________(round to the nearest dollar)
3. The company'saccounts recievable is $___________(round to the nearest dollar)
4. The company's inventories are $___________(round to the nearest dollar)
5. The company's current liabities are $___________(round to the nearest dollar)
6. The company's total liabilities are $___________(round to the nearest dollar)
7. Pro Forma Balance Sheet
Cash _____ Current liabilities _____ Inventory _____ Long-term debt _____ Accounts receivable _____ Common stock plus _____ Net fixed assets _____ Retained earnings _____ Total $ _____ Total $ _____
to construct a pro 1 (Constructing a pro forma balance sheet) Use the following industry average ratios, forma balance sheet, , for Mendoza Distributors, Inc. The company's cost of goods sold is $ (Round to the nearest dollar.) i Data Table X Total asset turnover Average collection period (assume a 365-day year) Fixed asset turnover Inventory turnover (based on cost of goods sold) Current ratio Sales (all on credit) Cost of goods sold Debt ratio 1.7 times 9.2 days 4.7 times 3.3 times 1.7 times $3.82 million 75% of sales 51% to construct a pro 1 (Constructing a pro forma balance sheet) Use the following industry average ratios, forma balance sheet, , for Mendoza Distributors, Inc. The company's cost of goods sold is $ (Round to the nearest dollar.) i Data Table X Total asset turnover Average collection period (assume a 365-day year) Fixed asset turnover Inventory turnover (based on cost of goods sold) Current ratio Sales (all on credit) Cost of goods sold Debt ratio 1.7 times 9.2 days 4.7 times 3.3 times 1.7 times $3.82 million 75% of sales 51%Step by Step Solution
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