37. Using the following data, complete the Balance Sheet below: Gross Profit (20% of sales) Shareholders' Equity 60,000 7 50,000 Credit Sales to Total sales Total Assets Turnover (Sales/Total Assets) Inventory Turnover (to cost of Sales) Average Collection Period (360 days a year) 80% 3 times 8 times 18 days Current ratio 1.6 Long-term debt to Equity 40% Balance Sheet Creditors Cash ..... Long-term Debt Shareholders' Equity Debtors Inventory Fixed Asset ....
37. Using the following data, complete the Balance Sheet below: Gross Profit (20% of sales) Shareholders' Equity 60,000 7 50,000 Credit Sales to Total sales Total Assets Turnover (Sales/Total Assets) Inventory Turnover (to cost of Sales) Average Collection Period (360 days a year) 80% 3 times 8 times 18 days Current ratio 1.6 Long-term debt to Equity 40% Balance Sheet Creditors Cash ..... Long-term Debt Shareholders' Equity Debtors Inventory Fixed Asset ....
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
Related questions
Question
![Ratio Analysis
2.105
Ising the following data, complete the Balance Sheet below:
Gross Profit (20% of sales)
Shareholders' Equity
7 60,000
7 50,000
Credit Sales to Total sales
80%
Total Assets Turnover (Sales/Total Assets)
3 times
Inventory Turnover (to cost of Sales)
Average Collection Period (360 days a year)
8 times
18 days
Current ratio
1.6
Long-term debt to Equity
40%
Balance Sheet
Creditors
Cash
Long-term Debt
Shareholders' Equity
Debtors
Inventory
Fixed Asset
..... ...
.000:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4497c61f-0a76-44a5-a24e-2e82b9375281%2F53cbd035-905a-4bce-95e6-bde1a44a785d%2F0me35jc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Ratio Analysis
2.105
Ising the following data, complete the Balance Sheet below:
Gross Profit (20% of sales)
Shareholders' Equity
7 60,000
7 50,000
Credit Sales to Total sales
80%
Total Assets Turnover (Sales/Total Assets)
3 times
Inventory Turnover (to cost of Sales)
Average Collection Period (360 days a year)
8 times
18 days
Current ratio
1.6
Long-term debt to Equity
40%
Balance Sheet
Creditors
Cash
Long-term Debt
Shareholders' Equity
Debtors
Inventory
Fixed Asset
..... ...
.000:
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