You are given the following selected financial information for The Blatz Corporation Ratios ROS ..............10% Current ratio
Question:
You are given the following selected financial information for The Blatz Corporation
Ratios
ROS ..............10%
Current ratio ............2.3
Inventory turnover .........6.0*
ACP ............45 days
Debt ratio ..........49.12%
Calculate accounts receivable, inventory, current assets, current liabilities, debt, equity, ROA, andROE.
Transcribed Image Text:
Income Statement Balance Sheet COGS Net income $750 $160 Cash Net fixed assets $250 $850
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ROS Net Income Sales 10 160 Sales Sales 1600 Inventory Turnover COGS In...View the full answer
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