Use the following industryaverage ratios to construct a pro forma balance sheet for Ceylon Tea Limited Total asset turnover 1 6 times Average collection period (assume a 365 day year) 18 days Fixed asset turnover 6 times Inventory turnover (based on cost of goods sold) Current ratio 4 times 3 times...

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Use the following industryaverage ratios to construct a pro forma balance sheet for Ceylon Tea Limited. Total

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Use the following industryaverage ratios to construct a pro forma balance sheet for Ceylon Tea Limited.

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Foundations Of Finance

ISBN: 9781292318738

10th Global Edition

Authors: Arthur Keown, John Martin, J. Petty

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Question Posted: Apr 17, 2024 01:00 AM

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Use the following industryaverage ratios to construct a pro forma balance sheet for Ceylon Tea Limited. Total

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Total asset turnover 1.6 times Average collection period (assume a 365- day year) 18 days Fixed asset turnover 6 times Inventory turnover (based on cost of goods sold) Current ratio 4 times 3 times Sales (all on credit) $4 million Cost of goods sold 70% of sales Debt ratio 45% Current liabilities

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Foundations Of Finance

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