financial management ch 17 hwplease show work, thank you.question 3 (Constructing a pro forma balance sheet) Use the following industry average ratios,Distributors, Inc.DThe company's cost of goods sold is $2129412. (Round to the nearest dollar.)to construct a pro forma balance sheet,for Mendoza Data tableTotal asset turnoverAverage collection period (assume a 365-dayyear)Fixed asset turnoverInventory turnover (based on cost of goods sold)Current ratio1.7 times9.2 days5.3 times3.2 times1.9 times$3.62 million79% of sales55%Sales (all on credit)Cost of goods soldDebt ratio(Click on the icon in order to copy its contents into a spreadsheet.)I

Ratio analysis means where different ratio of various years of years companies has been compared…

Answered: Constructing a pro forma balance sheet)…

Constructing a pro forma balance sheet) Use the following industry average ratios, Distributors, Inc. C to construct a pro forma balance sheet, for Mendo

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

financial management ch 17 hw

please show work, thank you.

question 3

(Constructing a pro forma balance sheet) Use the following industry average ratios,
Distributors, Inc.
D
The company's cost of goods sold is $2129412. (Round to the nearest dollar.)
to construct a pro forma balance sheet,
for Mendoza

Data table
Total asset turnover
Average collection period (assume a 365-day
year)
Fixed asset turnover
Inventory turnover (based on cost of goods sold)
Current ratio
1.7 times
9.2 days
5.3 times
3.2 times
1.9 times
$3.62 million
79% of sales
55%
Sales (all on credit)
Cost of goods sold
Debt ratio
(Click on the icon in order to copy its contents into a spreadsheet.)
I

Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

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