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Use the Leno Co. financial data given below to answer the following 3 questions: 8. What is the value of Accounts Receivables? (use the financial
Use the Leno Co. financial data given below to answer the following 3 questions:
8. What is the value of Accounts Receivables? (use the financial data above) *
$ 2,000
$ 3,000
$ 33,000
$ 13,000
None of the above
9. What is the inventory level? (use the financial data above) *
$ 3,000
$ 2,300
$ 3,800
$ 1,000
None of the above
10. What is the value of common equity? (use the financial data above) *
$ 12,800
$ 1,200
$ 1,250
$ 1,275
None of the above
Use the Leno Co. financial data given below to answer the following 3 questions: Value Ratios Total Assets Turnover Fixed Assets Turnover DSO (Year is 360 days) Quick Ratio Return on Assets 3 5 24 1 12% Total Assets Cash $ 1,000 A/R ?? Inventories ?? Fixed Assets Total Assets $ 10,000 Total liabilities and equity Accounts payable ?? Long-term debt $ 4,000 Common equity ?? Retained Earnings $ 1,750 Total liabilities and equity ?? ?? SalesStep by Step Solution
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