Balance Sheet
Cole Eagan Enterprises
December 31, 2005
Cash $450...
Business, 13.02.2020 22:44, Scotdouglas346
Balance Sheet
Cole Eagan Enterprises
December 31, 2005
Cash $4500 Accounts Payable $10,000
Accruals 1,000
Information (2005 values)
1. Sales Totaled $110,000
2. The gross profit margin was 25 percent.
3. Inventory turnover was 3.0
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 1.13.
8. The debt ratio was 53.8 percent.
1. Inventory for CEE in 2005 was ___.
2. Notes payable for CEE in 2005 was ___.
3. Accounts receivable for CEE in in 2005 was ___.
4. Net fixed assets for CEE in 2005 were ___.
5. Total assets for CEE in 2005 were ___.
6. Long term debt for CEE in 2005 was ___.
Answers: 3
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