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Asked Mar 5, 2020
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Balance SheetCash $4,500Accounts Payable $10,000Accruals $1,000Information 1. Sales totaled $110,0002. The gross profit margin was 25 percent.3. Inventory turnover was 3.0.4. There are 360 days in the year.5. The average collection period was 65 days.6. The current ratio was 2.40.7. The total asset turnover was 1.13.8. The debt ratio was 53.8 percent.Accounts receivable for CEE in 2005 was ________.

 

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