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The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $30.60 million for last year. Sales to total assets 1.80 times Total
The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $30.60 million for last year.
Sales to total assets | 1.80 | times | ||||||||||||||||||||||||||||||
Total debt to total assets | 40 | % | ||||||||||||||||||||||||||||||
Current ratio | 2.40 | times | ||||||||||||||||||||||||||||||
Inventory turnover | 6 | times | ||||||||||||||||||||||||||||||
Average collection period | 19 | days | ||||||||||||||||||||||||||||||
Fixed asset turnover | 5 | times | ||||||||||||||||||||||||||||||
Complete the balance sheet: (Use a 360-day year. Do not round intermediate calculations. Input your answers in millions rounded to 2 decimal places.)
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