We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset...
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We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $4,074,000 150,000 929,000 918,000 O a. Accounts receivable $432,000 O b. Accounts receivable $362,000 O c. Accounts receivable $582,000 O d. Accounts receivable $472,000 e. Accounts receivable $952,000 1.80 times 2.20 times 45 % 7 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: 9-b) Calculate the following balance sheet items: a. Marketable securities $239,100 O b. Marketable securities $493,400 Oc. Marketable securities $731,300 Od. Marketable securities $137,500 Oe. Marketable securities $358,600 9-c) Calculate the following balance sheet items: O a. Capital assets 352,321 ± 0,5 b. Capital assets 172,321 ± 0.5 O c. Capital assets 142,723 + 0.5 O d. Capital assets 122,351 ±0.5 O e. Capital assets 243,733 + 0.5 We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $4,074,000 150,000 929,000 918,000 O a. Accounts receivable $432,000 O b. Accounts receivable $362,000 O c. Accounts receivable $582,000 O d. Accounts receivable $472,000 e. Accounts receivable $952,000 1.80 times 2.20 times 45 % 7 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: 9-b) Calculate the following balance sheet items: a. Marketable securities $239,100 O b. Marketable securities $493,400 Oc. Marketable securities $731,300 Od. Marketable securities $137,500 Oe. Marketable securities $358,600 9-c) Calculate the following balance sheet items: O a. Capital assets 352,321 ± 0,5 b. Capital assets 172,321 ± 0.5 O c. Capital assets 142,723 + 0.5 O d. Capital assets 122,351 ±0.5 O e. Capital assets 243,733 + 0.5
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Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
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