North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days 12.00% ROE North Star has no preferred stock-only common equity, current liabilities, and long-term debt. Find North Star's (3) current assets. Do not round intermediate calculations; round final answers to two decimal places.

North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days 12.00% ROE North Star has no preferred stock-only common equity, current liabilities, and long-term debt. Find North Star's (3) current assets. Do not round intermediate calculations; round final answers to two decimal places.

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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