Question: answer number 1 - 10, without solution. (In Pesos) Annual Credit Sales 1,800,000 Cash 32,720 Gross Profit Margin 25% Marketable Sec. 25,000 6 Accounts Receivable

answer number 1 - 10, without solution. (In Pesos) Annual Credit Salesanswer number 1 - 10, without solution.

(In Pesos) Annual Credit Sales 1,800,000 Cash 32,720 Gross Profit Margin 25% Marketable Sec. 25,000 6 Accounts Receivable 1. ? Inventory Turnover No. of days in a year Average Collection Period 365 Inventories 2. ? 45 days Total Current Assets 3. ? Current Ratio 1.6 Net Fixed Assets 4. ? Total Asset Turnover Ratio 1.2 Total Assets 5. ? Debt ratio 60% Accounts Payable 120,000 Notes Payable 6. ? Accruals 20,000 Gross Profit 7. ? Total Current Liabilities 8. ? Long Term Debt 9. ? Stockholders' Equity 600,000 *ALL SALES ARE CREDIT SALES Total Liab, And Equity 10

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