Complete the following balance sheet using the given information: Debt ratio =50%. Total assets turnover = 1.5, current ratio =1.8, DSO = 36.5 days, gross profit margin on sales [(sales – cost of goods sold)/sales] = 25%, Inventory turnover ratio = 5. ASSETS ($) LIABILITIES & EQUITY ($) Cash Acccounts Payable Accounts Receivable Long Term Debt 60,000 Inventories Common Stock Fixed Assets __________ Retained Earnings 97,500 Total Assets 300,000 Total Liabilities & Equity ………..
Complete the following balance sheet using the given information: Debt ratio =50%. Total assets turnover = 1.5, current ratio =1.8, DSO = 36.5 days, gross profit margin on sales [(sales – cost of goods sold)/sales] = 25%, Inventory turnover ratio = 5. ASSETS ($) LIABILITIES & EQUITY ($) Cash Acccounts Payable Accounts Receivable Long Term Debt 60,000 Inventories Common Stock Fixed Assets __________ Retained Earnings 97,500 Total Assets 300,000 Total Liabilities & Equity ………..
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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Complete the following balance sheet using the given information: Debt ratio =50%. Total assets turnover = 1.5, current ratio =1.8, DSO = 36.5 days, gross profit margin on sales [(sales – cost of goods sold)/sales] = 25%, Inventory turnover ratio = 5.
ASSETS ($) LIABILITIES & EQUITY ($) |
|
Cash Acccounts Payable |
|
Accounts Receivable Long Term Debt 60,000 |
|
Inventories Common Stock |
|
Fixed Assets __________ |
|
Total Assets 300,000 Total Liabilities & Equity ……….. |
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