Question
The following information is from Harrelson, Inc.'s financial statements. Sales (all credit) were $22.50 million for 2010 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 2010 |
| 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 |
| Fill in the balance sheet Cash = Accounts receivable = Inventory = Total current assets = Fixed assets = Total assets = Current debt = Long-term debt = Total debt = Net worth = Total debt and stockholders' equity = Please show work. |
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Financial Management Principles And Practices
Authors: Timothy J. Gallagher
9th Edition
1954156103, 978-1954156104
