Fill in the balance sheet for the Jamestown Company based on the following data (assume a 365-day

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Fill in the balance sheet for the Jamestown Company based on the following data (assume a 365-day year):

Sales = $3,650,000

Total asset turnover =4x

Current ratio = 3:1

Quick ratio = 2:1

Current liabilities to net worth = 30%

Average collection period = 20 days

Total debt to total assets =0.4

Fill in the balance sheet for the Jamestown Company based

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.

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Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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Question Posted: Jul 17, 2012 02:09 AM

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Fill in the balance sheet for the Jamestown Company based on the following data (assume a 365-day

Question:

Balance Sheet Cash Accounts receivable Inventory Accounts payable Total current liabilities Long-term debt Stockholders equity Total current assets Fixed assets Total assets Total liabilities and equity

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Forecasted Balance Sheet Cash 128500 Accounts payable 164250 Accounts receivable 200000 Total ...View the full answer

Contemporary Financial Management

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