Assets Liabilities and Equity Cash 1,600 Accounts payable 1,800 Accounts receivable 4,200 Notes payable 3,200 Inventory 3,000 Accruals 1,500 Total current assts 8,800 Total current liabilities 6,500 Long-term Debt 4,000 Net Plant, property and equipment 8,200 Total liabilities 10,500 Common equity Total liabilities and equity 6,500 Total Assets 17,000 17,000 amounts is $ Thousands
Assets Liabilities and Equity Cash 1,600 Accounts payable 1,800 Accounts receivable 4,200 Notes payable 3,200 Inventory 3,000 Accruals 1,500 Total current assts 8,800 Total current liabilities 6,500 Long-term Debt 4,000 Net Plant, property and equipment 8,200 Total liabilities 10,500 Common equity Total liabilities and equity 6,500 Total Assets 17,000 17,000 amounts is $ Thousands
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
Problem 1PS
Related questions
Question
Hammond Motors had sales of $35 million in 2020 with a cost of goods sold of $20 million. A simplified balance sheet for Hammond appears below attached:
24) Hammond's cash conversion cycle in 2020 is closest to:
- A) 22 days
- B) 44 days
- C) 58 days
- D) 66 days
![Assets
Liabilities and Equity
Accounts payable
Notes payable
Cash
1,600
1,800
Accounts receivable
4,200
3,200
Inventory
3,000
Accruals
1,500
Total current assts
8,800
Total current liabilities
6,500
4,000
10,500
Long-term Debt
Net Plant, property and equipment
8,200
Total liabilities
Common equity
Total liabilities and equity
6,500
Total Assets
17,000
17,000
amounts is $ Thousands](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9278999-19bd-49b3-a3a8-9d9712dea79a%2F12960915-6bfc-42c2-8bbb-97abab055330%2Fz3q8kvk_processed.png&w=3840&q=75)
Transcribed Image Text:Assets
Liabilities and Equity
Accounts payable
Notes payable
Cash
1,600
1,800
Accounts receivable
4,200
3,200
Inventory
3,000
Accruals
1,500
Total current assts
8,800
Total current liabilities
6,500
4,000
10,500
Long-term Debt
Net Plant, property and equipment
8,200
Total liabilities
Common equity
Total liabilities and equity
6,500
Total Assets
17,000
17,000
amounts is $ Thousands
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