Question
The following information is provided to you for Zoe Unicorn Corporation. Sales (credit)................................................... .... ............. $3,549,000 Cash............................................... .. .......................... 179,000 Inventory................................................. ..........911,000 Current liabilities.................................................. ......
The following information is provided to you for Zoe Unicorn Corporation.
Sales (credit)................................................... .... ............. $3,549,000
Cash............................................... .. .......................... 179,000
Inventory................................................. ..........911,000
Current liabilities.................................................. ...... 788,000
Asset rotation..................................................... .......... 1.40 times
Current radius................................................ ............. 2.95 times
Debt to assets ratio ................................................ .. ...... 40%
Turnover of accounts receivable ................................................... 7 times
Current assets are made up of cash, marketable securities, accounts receivable, and inventory.
Calculate the following balance sheet items. show your work
a . Accounts receivable.
b. second Marketable securities.
c. Fixed assets.
d. Long-term debt.
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a Accounts receivable Sales Turnover of accounts receivable Accounts receivable 3549000 7 ...Get Instant Access to Expert-Tailored Solutions
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