The following data are from U Guessed It Company's financial statements. U Guessed It manufactures board games

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The following data are from U Guessed It Company's financial statements. U Guessed It manufactures board games for young adults, and it competes with Marker Brothers and Bilton Radley. Sales (all credit) were $20 million for 2015.
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:

Current debt.. Cash Long-term debt . Total debt ... Accounts receivable.. Inventory...... Total current assets.. Equity.

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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Related Book For  book-img-for-question

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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