Consider the following data for the Jamestown Company. Sales = $3,650,000 Total asset turnover = 1.6x Current ratio = 4:1 Quick ratio = 3:1 Current liabilities to net worth = 30% Average collection period = 25 days Total debt to total assets = 0.4 Fill in the balance sheet for the Jamestown Company based on the data provided above (assume a 365-day year). Round your answers to the nearest dollar. Balance Sheet Cash 24 Accounts payable 24 Accounts receivable Total current liabilities $ Inventory Long-term debt 2$ Total current assets Stockholders' equity Fixed assets Total assets 2$ Total liabilities and equity 2$

Consider the following data for the Jamestown Company. Sales = $3,650,000 Total asset turnover = 1.6x Current ratio = 4:1 Quick ratio = 3:1 Current liabilities to net worth = 30% Average collection period = 25 days Total debt to total assets = 0.4 Fill in the balance sheet for the Jamestown Company based on the data provided above (assume a 365-day year). Round your answers to the nearest dollar. Balance Sheet Cash 24 Accounts payable 24 Accounts receivable Total current liabilities $ Inventory Long-term debt 2$ Total current assets Stockholders' equity Fixed assets Total assets 2$ Total liabilities and equity 2$

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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The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?
Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
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