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