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1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120,000 Inventories Common stock Total assets $600,000 Retained earnings 195,000 Total liabilities and equity Sales Cost of good sold _40%sales_ Current ratio: 2.0 X Fixed assets turnover: 3.0 X Inventory turnover: 3.0 X Days sales outstanding: 36.5 days Total assets turnover: 1.5 X

1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120,000 Inventories Common stock Total assets $600,000 Retained earnings 195,000 Total liabilities and equity Sales Cost of good sold _40%sales_ Current ratio: 2.0 X Fixed assets turnover: 3.0 X Inventory turnover: 3.0 X Days sales outstanding: 36.5 days Total assets turnover: 1.5 X

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120,000 Inventories Common stock Total assets $600,000 Retained earnings 195,000 Total liabilities and equity Sales Cost of good sold _40%sales_ Current ratio: 2.0 X Fixed assets turnover: 3.0 X Inventory turnover: 3.0 X Days sales outstanding: 36.5 days Total assets turnover: 1.5 X
Transcribed Image Text:1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120,000 Inventories Common stock Total assets $600,000 Retained earnings 195,000 Total liabilities and equity Sales Cost of good sold _40%sales_ Current ratio: 2.0 X Fixed assets turnover: 3.0 X Inventory turnover: 3.0 X Days sales outstanding: 36.5 days Total assets turnover: 1.5 X
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