North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (7) inventory. Do not round intermediate calculations; round final answers to two decimal places.
North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (7) inventory. Do not round intermediate calculations; round final answers to two decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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North Star had the following data (thousands of dollars):
| Cash and equivalents | 100.00 |
| Fixed assets | 283.50 |
| Sales | 1,000.00 |
| Net income | 50.00 |
| Current liabilities | 105.50 |
| Notes payable to bank | 20.00 |
| 3.00 | |
| DSO | 40.55 days |
| ROE | 12.00% |
North Star has no
Find North Star’s (7) inventory.
Do not round intermediate calculations; round final answers to two decimal places.
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