Francis Company 900,000.00 pr 580,000.00 10,000.00 82,000.00 150,000.00 65,000.00 780,000.00 530,000.00
Francis Company 900,000.00 pr 580,000.00 10,000.00 82,000.00 150,000.00 65,000.00 780,000.00 530,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
assets turnover
![Francis Company
Ignatius Company
Net Sales Revenue
900,000.00
580,000.00
10,000.00
82,000.00
150,000.00
65,000.00
780,000.00
530,000.00
820,000.00
540,000.00
8,000.00
65,000.00
110,000.00
45,000.00
600,000.00
425,000.00
Cost of Sales
Interest Expense
Net Income after tax
Accounts Receivable
Inventory
Total Assets
Owner's Equity
Francis Company's total asets and owner's equity as of January 1. 2018 amounted to
720,000 and 470,000 respectively. On the other hand Ignatius Company's total assets
and owner's equity as of being of 2018 totaled 560,000 and 385,000, respectively.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F46ce778c-4d15-4c2f-a5e9-11535b4c7495%2F9003403c-7c04-45b3-a03e-5f99ac7b18c6%2Fgwqqnd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Francis Company
Ignatius Company
Net Sales Revenue
900,000.00
580,000.00
10,000.00
82,000.00
150,000.00
65,000.00
780,000.00
530,000.00
820,000.00
540,000.00
8,000.00
65,000.00
110,000.00
45,000.00
600,000.00
425,000.00
Cost of Sales
Interest Expense
Net Income after tax
Accounts Receivable
Inventory
Total Assets
Owner's Equity
Francis Company's total asets and owner's equity as of January 1. 2018 amounted to
720,000 and 470,000 respectively. On the other hand Ignatius Company's total assets
and owner's equity as of being of 2018 totaled 560,000 and 385,000, respectively.
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