updated

Given this T.T.T Co's. Balance Sheet at 31/12/2015

Assets		Liabilities
Cash	65000	Account payable
Mar/sec	30000	Notes payable	8000
Acc/rec	180000	Interest payable	4800
inventory		accurals	4200
Total C/A		Total C/L
Gross fixed assets		Long term debt
Less Acc/Dep	25000	common stock	115000
Net fixed assets		Retaine earning	125000
Total assets		Total liabilities and eq

Another data were provided about the company during 2015

Sales = $1,840,000 Gross profit margin = 30.0%; Inventory Turn-Over = 8.0 times; Current Ratio - 5.0; Total Asset Turn-Over = 2.0; Total Debt ratio = 73.91%; Purchases = 60.0% of sales;(Use 360 days/year).

Hint use the dept ratio

Find

1 - T.T.T Accounts Pyable?

2 - T.T.T M's Net Fixed Assets?

3 - T.T.T APP average Payment Period) and what is AAI (Average Age of Inventory)??

4 - T.T.T ACP (Average Collection Period) and CC (Cash Cycle)?

5 - T.T.T Total Current Liabilities and Total Current Assets?