Question
Using ratios to construct financial statements . The Griggs Corporation has credit sales of $1,200,000. Given the following ratios, fill in the following balance sheet.
Using ratios to construct financial statements . The Griggs Corporation has credit sales of $1,200,000. Given the following ratios, fill in the following balance sheet.
Total assets turnover................................... 2.4 times
Cash to total assets...................................... 2.0%
Accounts receivable turnover..................... 8.0 times
Inventory turnover...................................... 10.0 times
Current ratio................................................ 2.0 times
Debt to total assets...................................... 61.0%
GRIGGS CORPORATION
Balance Sheet 2011
AssetsLiabilities and Stockholders' Equity
Cash ............................. _____Current debt............................................. _____
Accounts receivable...... _____Long-term debt........................................ _____
Inventory...................... _____Total debt.......................................... _____
Total current assets _____Equity...................................................... _____
Fixed assets .................. _____Total debt and stockholders' equity_____
Total assets ............ _____
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
