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Complete the balance sheet and sales information in the table that follows for Hoffmeister Industries using the following data: Debt ratio: Current ratio: Total assets turnover: Days sales outstanding: Gross profit margin : Inventory turnover ratio: Calculation is based on a 360 days year. 50% 1.8 1.5 36 days 25% 5 Balance Sheet Assets Cash Taka Liabilities and owners' equity | Taka Accounts payable Accounts receivable Long –term debt 70,000.00 Inventories Common stock Fixed assets Retained earning 100,000.00 ------- -

Complete the balance sheet and sales information in the table that follows for Hoffmeister Industries using the following data: Debt ratio: Current ratio: Total assets turnover: Days sales outstanding: Gross profit margin : Inventory turnover ratio: Calculation is based on a 360 days year. 50% 1.8 1.5 36 days 25% 5 Balance Sheet Assets Cash Taka Liabilities and owners' equity | Taka Accounts payable Accounts receivable Long –term debt 70,000.00 Inventories Common stock Fixed assets Retained earning 100,000.00 ------- -

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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Dear expert, Please do them in paper, Don't do them in excel format. 

Complete the balance sheet and sales information in the table that follows for Hoffmeister Industries using the following data: Debt ratio: 50% Current ratio: 1.8 Total assets turnover: 1.5 36 days 25% Days sales outstanding: Gross profit margin : Inventory turnover ratio: Calculation is based on a 360 days year. Balance Sheet Liabilities and owners’ equity Taka Accounts payable Assets Taka Cash Accounts receivable Long –term debt 70,000.00 Inventories Common stock Fixed assets Retained earning 100,000.00 Total assets 500,000.00 |Total liabilities and equity Sales Cost of goods sold
Transcribed Image Text:Complete the balance sheet and sales information in the table that follows for Hoffmeister Industries using the following data: Debt ratio: 50% Current ratio: 1.8 Total assets turnover: 1.5 36 days 25% Days sales outstanding: Gross profit margin : Inventory turnover ratio: Calculation is based on a 360 days year. Balance Sheet Liabilities and owners’ equity Taka Accounts payable Assets Taka Cash Accounts receivable Long –term debt 70,000.00 Inventories Common stock Fixed assets Retained earning 100,000.00 Total assets 500,000.00 |Total liabilities and equity Sales Cost of goods sold
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