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We are given the following information for Pettit Corporation Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $3,668,000 190,000
We are given the following information for Pettit Corporation Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $3,668,000 190,000 913 , 745,000 1.40 times 2.60 times 35 % 7 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 $ $ $ $
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