The following information is from Harrelson Inc.s, financial statements. Sales (all credit) were $28.50 million for 2013.

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The following information is from Harrelson Inc.â€™s, financial statements. Sales (all credit) were $28.50 million for 2013.

Sales to total assets1.90 times

Total debt to total assets35%

Current ratio2.50 times

Inventory turnover10.00 times

Average collection period20 days

Fixed asset turnover5.00times

The following information is from Harrelson Inc.â€™s, financial statements. Sales

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 06:32 AM

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The following information is from Harrelson Inc.s, financial statements. Sales (all credit) were $28.50 million for 2013.

Question:

Fill in the balance sheet Cash Accounts receivable Inventory Current debt. i欣, Long-term debt Total debt Equity Total current assets .._ Fixed assets Total debt and equity Total assets

Step by Step Answer:

SalesTotal assets 190 Total assets 2850 million190 Total assets 15 million Total debtTotal assets 35 ...View the full answer

Foundations of Financial Management

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