Question
The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $22.50 million for 2013. Sales to total assets 1.50 times Total debt
The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $22.50 million for 2013. Sales to total assets 1.50 times Total debt to total assets 50 % Current ratio 3.00 times Inventory turnover 9 times Average collection period 22 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.) $ in millions $ in millions Cash $ Current debt $ Accounts receivable Long-term debt Inventory Total current assets $ Total debt $ Fixed assets Equity Total assets $ Total debt and equity $
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