Net sales 2250 Equity 187.5 Total liabilities to equity 80% Turnover of fixed assets 20 times Current assets 3 times Quick ratio 2 times Collection period 18 days // Required to find cash / accounts receivable / inventory/ turnover of assets/ long-term liabilities 5:26

Net sales 2250 Equity 187.5 Total liabilities to equity 80% Turnover of fixed assets 20 times Current assets 3 times Quick ratio 2 times Collection period 18 days // Required to find cash / accounts receivable / inventory/ turnover of assets/ long-term liabilities 5:26

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Net sales 2250 Equity
187.5 Total liabilities
to equity 80% Turnover
of fixed assets 20
times Current assets
3 times Quick ratio 2
times Collection period
18 days // Required to
find cash / accounts
receivable / inventory/
turnover of assets/
long-term liabilities
5:26 ✔

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