Question
The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $28.80 million for last year. Sales to total assets 1.60times Total debt
The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $28.80 million for last year.
Sales to total assets 1.60times
Total debt to total assets 35%
Current ratio 3.10 times
Inventory turnover 5 times
Average collection period 18 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.)
Cash Current Debt
Accounts receivable Long-term Debt
Inventory Total Debt
Total Current Asseets
Fixed Assets Equity
Total Assets Total debt and stockholders' Equity
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