Current ratio = 2.4 times   Profit margin = 10%   Sales = $1,220 million   ROE = 10%   Long-term debt to Long-term debt and equity = 60%   Use the above information to complete the balance sheet below.   Note: Enter your answers in millions.   there is no asset turn over. this is the whole question   current assets=______million   fixed assets=_____million   Total assets______million   Current liabilities 230 million   long term debt_____ million   stockholders equity______million   Total liabilities and equity_______ million

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
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Current ratio = 2.4 times

 

Profit margin = 10%

 

Sales = $1,220 million

 

ROE = 10%

 

Long-term debt to Long-term debt and equity = 60%

 

Use the above information to complete the balance sheet below.

 

Note: Enter your answers in millions.

 

there is no asset turn over. this is the whole question

 

current assets=______million

 

fixed assets=_____million

 

Total assets______million

 

Current liabilities 230 million

 

long term debt_____ million

 

stockholders equity______million

 

Total liabilities and equity_______ million

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