Balance Sheet

Assets

Liabilities

Use the formulas you learned about in the previous stage of the problem to answer the following questions.

Given the value of total assets turnover, along with the level of total assets given, this means that Royval's sales must be

Given the value of DSO, along with the level of sales you already calculated, this means that Royval's receivables must be

Given the value of the inventory ratio, along with the level of sales you already calculated, this means that Royval's inventories must be

be equal to

Solving for cash yields a value of cash of

for Royval, Given the current ratio of $2$ and values of cash, accounts receivable, and

inventories, the level of current liabilities must be

Siven the level of retained earnings, current liabilities, and long$-$term debt, along with the relationship between total assets and total liabilities and

quity, this means that Royval's common stock must be