Q3). Q4. A company shows the following financial indicators on its balance sheet: : Acid-test Ratio, 1;
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A company shows the following financial indicators on its balance sheet: : Acid-test Ratio, 1; Debt-stockholders' equity ratio, 0.6; Day's sales outstanding in Account Receivable, 18 days; there are 360 days in a year; Total asset tumover ratio, 5; Gross profit margin, 20%; Inventory turnover ratio, 5. Complete the following balance sheet. [10] Non-current assets ? Contributed capital (equity) Retained eamings Current liabilities Total liabilities and stockholders' equity ? 140000 Inventories Account Receivable Cash 50,000 ? Total Assets ? A company shows the following financial indicators on its balance sheet: : Acid-test Ratio, 1; Debt-stockholders' equity ratio, 0.6; Day's sales outstanding in Account Receivable, 18 days; there are 360 days in a year; Total asset tumover ratio, 5; Gross profit margin, 20%; Inventory turnover ratio, 5. Complete the following balance sheet. [10] Non-current assets ? Contributed capital (equity) Retained eamings Current liabilities Total liabilities and stockholders' equity ? 140000 Inventories Account Receivable Cash 50,000 ? Total Assets ?
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Answer 1 Assets Amount Liabilities and Stockholder Equity Amount Non Current Assets 19000000 Equity 14000000 Inventories 21920000 Retained Earnings 50... View the full answer
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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