Business, 18.02.2021 21:10, caroline5993
Complete the balance sheet and sales information using the following financial data:
Total assets turnover: 1.5x
Days sales outstanding: 41 daysa
Inventory turnover ratio: 7x
Fixed assets turnover: 3.5x
Current ratio: 1.7x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20%
a Calculation is based on a 365-day year. Round your answer to the nearest cent.
Balance Sheet
Cash $ Current liabilities $
Accounts receivable$ Long-term debt 50,000
Inventories $ Common stock $
Fixed assets $ Retained earnings 50,000
Total assets $200,000 Total liabilities and equity $
Sales $ Cost of goods sold
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 11:00, saurav76
When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called
Answers: 2
Business, 22.06.2019 13:50, trillsmith
Read the following paragraph, and choose the best revision for one of its sentences. dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.
Answers: 2
Business, 22.06.2019 19:30, jeanlucceltrick09
Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?
Answers: 3
Business, 22.06.2019 22:30, ninaaforever
Ellen and george work for the same company. ellen, a gen xer, really appreciates the flextime opportunities, while george, a baby boomer, takes advantage of the free computer training offered at the company. these policies are examples of
Answers: 3
Do you know the correct answer?
Complete the balance sheet and sales information using the following financial data:
Total assets t...
Questions in other subjects:
Mathematics, 19.11.2019 01:31
