1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120,000 Inventories Common stock Total assets $600,000 Retained earnings 195,000 Total liabilities and equity Sales Cost of good sold _40%sales_ Current ratio: 2.0 X Fixed assets turnover: 3.0 X Inventory turnover: 3.0 X Days sales outstanding: 36.5 days Total assets turnover: 1.5 X

1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120,000 Inventories Common stock Total assets $600,000 Retained earnings 195,000 Total liabilities and equity Sales Cost of good sold _40%sales_ Current ratio: 2.0 X Fixed assets turnover: 3.0 X Inventory turnover: 3.0 X Days sales outstanding: 36.5 days Total assets turnover: 1.5 X

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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