XYZ company has the following info: Company plans to issue $450,000 in dividends, long term debt is $3,300,000, Profit margin is 10%, NI is $200,000, Total assets is $5million, ROA is 2.2%, ROE is 7.4%, DSO is 36 days, number of shares is 3,690,000, Inventory Turnover is 24 times, TAT is 29.62%, Expenses are $1,800,000, capital stock is $1,000,000, In addition to a given data market capitalization of XYZ is $29,889,000 while the debt ratio is 70%, debt to equity ratio is 2.33 and retained earnings are $350,000 - please calculate current liabilities

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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XYZ company has the following info:
Company plans to issue $450,000 in dividends, long term debt is $3,300,000, Profit margin is 10%, NI is
$200,000, Total assets is $5million, ROA is 2.2%, ROE is 7.4%, DSO is 36 days, number of shares is
3,690,000, Inventory Turnover is 24 times, TAT is 29.62%, Expenses are $1,800,000, capital stock is
$1,000,000,
In addition to a given data market capitalization of XYZ is $29,889,000 while the debt ratio is 70%, debt to
equity ratio is 2.33 and retained earnings are $350,000
- please calculate current liabilities
Transcribed Image Text:XYZ company has the following info: Company plans to issue $450,000 in dividends, long term debt is $3,300,000, Profit margin is 10%, NI is $200,000, Total assets is $5million, ROA is 2.2%, ROE is 7.4%, DSO is 36 days, number of shares is 3,690,000, Inventory Turnover is 24 times, TAT is 29.62%, Expenses are $1,800,000, capital stock is $1,000,000, In addition to a given data market capitalization of XYZ is $29,889,000 while the debt ratio is 70%, debt to equity ratio is 2.33 and retained earnings are $350,000 - please calculate current liabilities
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