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What did the company record as notes payable, long term debt, and net fixed asset? $10,000 40% 4 times 8% 45 days Sales Gross profit
What did the company record as notes payable, long term debt, and net fixed asset?
$10,000 40% 4 times 8% 45 days Sales Gross profit margin Inventory turnover ratio Net profit margin Average collection period Return on equity (ROE) Return on assets (ROA) Cash Current ratio Accounts payable days 50% 20% $250 2.5 30 days Notes: Of total sales, 80 percent are on credit; 20% are cash sales. Use COGS for inventory turnover ratio. Assume a 360 day year. Atlanta Company Balance Sheet for Year Ending December 31, 2012 Cash Accounts receivable Inventory Net fixed assets Total assets Notes payable Accounts payable Long-term debt Equity Total liab. & equity YourStep by Step Solution
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