You've collected the following information for the most recent financial year of Ontario Iron: Cash:...

 

  
 

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You've collected the following information for the most recent financial year of Ontario Iron: • Cash: $25 million Inventory: $42 million Total assets: $280 million • Fraction of sales on credit: 100% • Average collection period: 36 days Payables period: 43 days . Current ratio: 1.2 . (Total) asset turnover: 2 . Inventory turnover: 9 • Total debt ratio (total liabilities/assets): 0.44 ● Attempt 1/10 for 10 pts. Part 1 What was the accounts receivable balance at the end of the year (in $ million)? 55.232 Sales: * Sales Correct ✔ Asset turnover = = Sales Assets Asset turnover Assets = 2280 = 560 Attempt 1/10 for 10 pts. Part 1 What was the accounts receivable balance at the end of the year (in $ million)? 55.232 Sales: Sales Assets ➡ Sales = Asset turnover Assets = 2280 560 Credit sales: Credit sales Sales * Fraction of sales on credit = 560*1 = 560 Asset turnover Correct ✔ Accounts receivable: ACP = 560 365 = 55.23 (million) = = 36. Accounts receivable Credit sales per day → Accounts receivable = ACP Credit sales per day .. = Attempt 1/10 for 10 pts. Part 2 What was net fixed assets at the end of the year (in $ million)? Part 2 What was net fixed assets at the end of the year (in $ million)? 0+ decimals Submit Part 3 Attempt 1/10 for 10 pts. What was the accounts payable balance at the end of the year (in $ million)? 1+ decimals Submit Attempt 1/10 for 10 pts. Part 4 Attempt 1/10 for 10 pts. What was the amount of short-term debt at the end of the year (in $ million)? 0+ decimals Submit Part 3 Attempt 1/10 for 10 pts. What was the accounts payable balance at the end of the year (in $ million)? 1+ decimals Submit Part 4 Attempt 1/10 for 10 pts. What was the amount of short-term debt at the end of the year (in $ million)? 0+ decimals Submit Part 5 What was the amount of equity at the end of the year? 0+ decimals Submit Attempt 1/10 for 10 pts. You've collected the following information for the most recent financial year of Ontario Iron: • Cash: $25 million Inventory: $42 million Total assets: $280 million • Fraction of sales on credit: 100% • Average collection period: 36 days Payables period: 43 days . Current ratio: 1.2 . (Total) asset turnover: 2 . Inventory turnover: 9 • Total debt ratio (total liabilities/assets): 0.44 ● Attempt 1/10 for 10 pts. Part 1 What was the accounts receivable balance at the end of the year (in $ million)? 55.232 Sales: * Sales Correct ✔ Asset turnover = = Sales Assets Asset turnover Assets = 2280 = 560 Attempt 1/10 for 10 pts. Part 1 What was the accounts receivable balance at the end of the year (in $ million)? 55.232 Sales: Sales Assets ➡ Sales = Asset turnover Assets = 2280 560 Credit sales: Credit sales Sales * Fraction of sales on credit = 560*1 = 560 Asset turnover Correct ✔ Accounts receivable: ACP = 560 365 = 55.23 (million) = = 36. Accounts receivable Credit sales per day → Accounts receivable = ACP Credit sales per day .. = Attempt 1/10 for 10 pts. Part 2 What was net fixed assets at the end of the year (in $ million)? Part 2 What was net fixed assets at the end of the year (in $ million)? 0+ decimals Submit Part 3 Attempt 1/10 for 10 pts. What was the accounts payable balance at the end of the year (in $ million)? 1+ decimals Submit Attempt 1/10 for 10 pts. Part 4 Attempt 1/10 for 10 pts. What was the amount of short-term debt at the end of the year (in $ million)? 0+ decimals Submit Part 3 Attempt 1/10 for 10 pts. What was the accounts payable balance at the end of the year (in $ million)? 1+ decimals Submit Part 4 Attempt 1/10 for 10 pts. What was the amount of short-term debt at the end of the year (in $ million)? 0+ decimals Submit Part 5 What was the amount of equity at the end of the year? 0+ decimals Submit Attempt 1/10 for 10 pts.