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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Question
The Shannon Corporation deals in textile products. Due to certain reasons the company was closed and records of same are out of access now except given below. Use the given information to make
- Sales $750,000
- Total asset turnover 2.5 times
- Cash to total assets 2.0 percent
- Accounts Receivable Turnover 10.0 times
- Inventory turnover 15.0 times
- Current Ratio 2.0 times
- Debt to total assets 45.0 percent
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