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The following data apply to ABC Company (millions of dollars):   Cash and equivalents $150.00 Fixed assets $300 Sales $900.00 Net income $50.00 Current liabilities $105.50 Current ratio 2.5 DSO 45 days (based on a 365-day year) ROE 12%   ABC has no preferred stock—only common equity, current liabilities, and long-term debt.   Find ABC’s accounts receivable, current assets, total assets,

The following data apply to ABC Company (millions of dollars):   Cash and equivalents $150.00 Fixed assets $300 Sales $900.00 Net income $50.00 Current liabilities $105.50 Current ratio 2.5 DSO 45 days (based on a 365-day year) ROE 12%   ABC has no preferred stock—only common equity, current liabilities, and long-term debt.   Find ABC’s accounts receivable, current assets, total assets,

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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The following data apply to ABC Company (millions of dollars):

 

Cash and equivalents $150.00

Fixed assets $300

Sales $900.00

Net income $50.00

Current liabilities $105.50

Current ratio 2.5

DSO 45 days (based on a 365-day year)

ROE 12%

 

ABC has no preferred stock—only common equity, current liabilities, and long-term debt.

 

Find ABC’s

  1. accounts receivable,
  2. current assets,
  3. total assets,
  4. ROA,
  5. common equity,
  6. quick ratio, 
  7. long-term debt and
  8. equity multiplier
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