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With the help of given ratios, calculates missing components of Income Statement and Balance Sheet for the Betra Co. (10) Show All Necessary Calculations Cash
With the help of given ratios, calculates missing components of Income Statement and Balance Sheet for the Betra Co. (10) Show All Necessary Calculations Cash 100,000 Accounts 150,000 payable Marketable 50,000 Notes 50,000 securities payable Accounts ? Long- ? receivable term debt Inventory ? Common ? stock Net fixed ? Retained 200,000 assets earnings Total 1,000,000 Total ? Sales 1,200,000 Ratios Cost of ? 2.0 goods sold Current ratio Gross ? 1.5 profit ratio Operating ? Times 6 expenses interest earned Net ? Debt - 1 operating equity income ratio Interest ? Gross 0.3 profit margin Net profit ? Book 0.02 before tax return on equity Tax 40,000 Net ? income Quick og
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