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We are given the following information for Apple Limited. Sales (credit) Cash Inventory Asset turnover Current liabilities Current ratio Debt-to-assets ratio Receivables turnover $3,096,000
We are given the following information for Apple Limited. Sales (credit) Cash Inventory Asset turnover Current liabilities Current ratio Debt-to-assets ratio Receivables turnover $3,096,000 242,000 902,000 751,000 1.10 times 2.60 times 40 % 6 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: a. Accounts receivable b. Marketable securities c. Capital assets d. Long-term debt $ 516000 $ $
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