The following data are from U Guessed It Company's financial statements. U Guessed It manufactures board games
Question:
COGS were 80% of sales.
Sales to total assets ........ . ..........................2.0 times
Total debt to total assets ................................40%
Current ratio ................ . .. . .. .. . ....... ..........3.0 times
Inventory turnover ........... . . .. .. .. . ... . ... ....4.0 times
Average coll ection period............................18.0 days
Capital asset turnover ...................................5.0 times
Fill in the brief balance sheet:
Asset TurnoverAsset 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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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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