Long term debt to Equity. 0.5 to 1 ******. Total asset turnover. Average collection period. „2.5 times 18 days (assume a 360 day year and all sales on credit) 9 times Inventory turnover. Gross profit. 10% Acid test ratio. 1:1 ....... Cash . $? Notes payable . $100,000 Account receivable . Long term debt .? Inventory. Share capital . 100,000 ...... Plant and equipment . Retained earnings . 100,000
Long term debt to Equity. 0.5 to 1 ******. Total asset turnover. Average collection period. „2.5 times 18 days (assume a 360 day year and all sales on credit) 9 times Inventory turnover. Gross profit. 10% Acid test ratio. 1:1 ....... Cash . $? Notes payable . $100,000 Account receivable . Long term debt .? Inventory. Share capital . 100,000 ...... Plant and equipment . Retained earnings . 100,000
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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