Complete the balance sheet of Flying Roos Corporation. You have the following information: Debt ratio = 40%
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You have the following information:
Debt ratio = 40%
DSO = 39 days
Current ratio = 1.5
Inventory turnover ratio = 3.375
Net sales = $2.25 million
Cost of goods sold = $1.6875 million
Inventory Turnover RatioInventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1119371403
4th edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates
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