complete the balance sheet AssetsLiabilities & Equity Cash $ 100,000Current Liabilities Receivables Long Term Debt 0 Inventory Total Debt Plant Common Equity $ 600,000Total Assets Total Claims Additional Information:Current Ratio is 2.5 ; Average Collection Period is 54 days; Total Debt to Total Assets 40 percent ; Total Asset Turnover is 2 ; Inventory Turnover 5

Ratio Analysis is the comparison of line items in the financial statements of a business. it is used…

Answered: complete the balance sheet Assets…

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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complete the balance sheet

Assets	Liabilities & Equity
Cash		$ 100,000	Current Liabilities
Receivables		Long Term Debt		0
Inventory			Total Debt
Plant			Common Equity		$ 600,000
Total Assets		Total Claims

Additional Information:

Current Ratio is 2.5 ; Average Collection Period is 54 days; Total Debt to Total Assets 40 percent ; Total Asset Turnover is 2 ; Inventory Turnover 5

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