Question
The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $25.20 million for last year. Sales to total assets 1.40 times Total
The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $25.20 million for last year.
Sales to total assets 1.40 times
Total debt to total assets 30 %
Current ratio 2.50 times
Inventory turnover 7 times
Average collection period 14 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
Total debt
Inventory
Total current assets
Fixed assets
Total assets
Equity
Total debt and stockholders' equity
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
