es are un creul, All Lacuidus assume au-uay year. The payaures penou Round your answers to the nearest whole dollar. s ent assets sh counts receivable entory current assets xed assets assets W $ $ 1,500,000 2,000,000 8,000,000

Cornerstones of Financial Accounting
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Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 76E: Ratio Analysis The following information was taken from Nash Inc.s trial balances as of December 31,...
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A sarts are on Creu Al Caicis an
Note: Round your answers to the nearest whole dollar.
Assets
Current assets
Cash
Accounts receivable
Inventory
Total current assets
Net fixed assets
Total assets
Liabilities and shareholders' equity
Current liabilities:
Accounts payable
Short-term debt
Total current liabilities
Long-term debt
Shareholders' equity
Total liabilities and equity
uay year. me payaures pero is aseu Un Lust or goous solu
$ 1,500,000
2,000,000
$ 8,000,000
Transcribed Image Text:A sarts are on Creu Al Caicis an Note: Round your answers to the nearest whole dollar. Assets Current assets Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Liabilities and shareholders' equity Current liabilities: Accounts payable Short-term debt Total current liabilities Long-term debt Shareholders' equity Total liabilities and equity uay year. me payaures pero is aseu Un Lust or goous solu $ 1,500,000 2,000,000 $ 8,000,000
Given the following information, complete the balance sheet shown next.
Collection period
Days sales in cash
Current ratio
Assets
Current assets
Inventory turnover
5 times.
Liabilities to assets
75%
Payables period
35 days
(All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.)
Note: Round your answers to the nearest whole dollar.
Cash
Accounts receivable
Inventory
Total current assets
Net fixed assets
Total assets
62 days
35 days
Liabilities and shareholders' equity
Pusat Bakillilani
2.3
$ 1,500,000
2,000,000
$ 8,000,000
*
Peny
FNB
#
Next
Transcribed Image Text:Given the following information, complete the balance sheet shown next. Collection period Days sales in cash Current ratio Assets Current assets Inventory turnover 5 times. Liabilities to assets 75% Payables period 35 days (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets 62 days 35 days Liabilities and shareholders' equity Pusat Bakillilani 2.3 $ 1,500,000 2,000,000 $ 8,000,000 * Peny FNB # Next
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