Question 6 Coursology 2 pts At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $7000. Corresponding entries for 2003 are $1600, $2000, and $5000. Asset values are below. During 2003, Yung.com had sales of $3000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21% and all taxes are paid currently. Current Asset 2002 2003 Cash $400 $600 Marketable securities 400 300 Accounts receivable 900 800 Inventory 1800 2000 Fixed Assets Net Fixed Asset $2000 $9000 (Plant&Equipment) In 2003, the Total Asset Turnover ratio is and two decimal numbers.) (Keep the sign
Question 6 Coursology 2 pts At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $7000. Corresponding entries for 2003 are $1600, $2000, and $5000. Asset values are below. During 2003, Yung.com had sales of $3000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21% and all taxes are paid currently. Current Asset 2002 2003 Cash $400 $600 Marketable securities 400 300 Accounts receivable 900 800 Inventory 1800 2000 Fixed Assets Net Fixed Asset $2000 $9000 (Plant&Equipment) In 2003, the Total Asset Turnover ratio is and two decimal numbers.) (Keep the sign
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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Transcribed Image Text:Question 6 Coursology
2 pts
At year-end 2002, Yung.com had notes payable of $1200, accounts
payable of $2400, and long-term debt of $7000. Corresponding entries
for 2003 are $1600, $2000, and $5000. Asset values are below. During
2003, Yung.com had sales of $3000, cost of goods sold of $400,
depreciation of $100, and interest paid of $150. The (average) tax rate
is 21% and all taxes are paid currently.
Current Asset
2002
2003
Cash
$400
$600
Marketable securities 400
300
Accounts receivable 900
800
Inventory
1800
2000
Fixed Assets
Net Fixed Asset
$2000
$9000
(Plant&Equipment)
In 2003, the Total Asset Turnover ratio is
and two decimal numbers.)
(Keep the sign
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