Complete the balance sheet of Flying Roos Corporation. You have the following information: Debt ratio = 40%

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Complete the balance sheet of Flying Roos Corporation.

Flying Roos Corporation Balance Sheet as of December 31, 2017 Assets: Liabilities and Equity: Accounts payable and accru

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 Ratio
Inventory 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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Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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