Given the following information, complete the balance sheet shown nex Collection period Days' sales in cash Current ratio Assets Current assets: Cash Accounts receivable Inventory Inventory turnover Liabilities to assets Payables period (All sales are on credit. All calculations assume a 365-day year. The payal Note: Round your answers to the nearest whole dollar. Total current assets Net fixed assets Total assets Liabilities and shareholders equity Current liabilities: Accounts payable Short-term debt Total current liabilities 70 32 2.2 5 Long-term debt Shareholders equity Total liabilities and equity days days times $ 70% 36 days 1,300,000 1,900,000 S 8,000,000 2.400.000 S 8.000.000
Given the following information, complete the balance sheet shown nex Collection period Days' sales in cash Current ratio Assets Current assets: Cash Accounts receivable Inventory Inventory turnover Liabilities to assets Payables period (All sales are on credit. All calculations assume a 365-day year. The payal Note: Round your answers to the nearest whole dollar. Total current assets Net fixed assets Total assets Liabilities and shareholders equity Current liabilities: Accounts payable Short-term debt Total current liabilities 70 32 2.2 5 Long-term debt Shareholders equity Total liabilities and equity days days times $ 70% 36 days 1,300,000 1,900,000 S 8,000,000 2.400.000 S 8.000.000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PB
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