Question
Total asset turnover 2.3 times Average collection period( assume a 365 day year) 8.7 days Fixed assets turnover 5.1 times Inventory turnover ( based on
Total asset turnover 2.3 times
Average collection period( assume a 365 day year) 8.7 days
Fixed assets turnover 5.1 times
Inventory turnover ( based on cost of goods sold ) 3.4
Current ratio 1.7
sales ( all on credit ) $ 4.23 million
cost of goods sold 80%
Debt ratio 55%
Use the following industry average ratios to construct a pro forma balance sheet for Carlos Menza, Inc.
The company cost of goods sold is $..... ( round to the nearest dollar )
The company total assets are $.....( round to the nearest dollar )
The company fixed assets are $ ....( round to the nearest dollar )
The company accounts receivables is $ .....( round to the nearest dollar )
The company inventories are $.......( round to the nearest dollar )
The company current liabilities are $ .....( round to the nearest dollar )
The company's total liabilities are $ .....( round to the nearest dollar )
complete Carlos Menza balance sheet below ......( round to the nearest dollar )
Carlos Menza
Pro Forma Balance Sheet Cash $ ..... Current liabilities $ ....
Account receivable .......... Long-term debt ......
Inventory ........ Total liabilities $ ......
Net fixed assets........ Common equity .....
Total $....... Total $ .........
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Treasury Financial Manual Volume II III And IV
Authors: US Treasury
1st Edition
1790321824, 978-1790321827
