Question: C. Compute Total Assets D. Compute accounts receivable. E. Compute inventory F. Compute cash. G. Compute net fixed assts. H. Compute total equity I Compute
C. Compute Total Assets D. Compute accounts receivable. E. Compute inventory F. Compute cash. G. Compute net fixed assts. H. Compute total equity I Compute long term dabt PART C PROBLEMS 65 POINTS. DO ALL PROBLEMS AND SHOW ALL YOUR WORK TO RECEIVE PARTIAL CREDIT. POINTS RECEIVED: Given the information that follows, fill in the balance sheet below (45 points): $1,000,000 Sales Gross profit margin Inventory turnover ratio Net profit margin Average collection period Debt ratio Return on assets Quick ratio 25% 10x 496 45 days 80% 10% 3.0x Notes: Gross profit margin- (Sales- Cost of Goods Sold)/Sales. Use Cost of Goods Sold to compute Inventory Turnover Ratio Assume a 360-day year for Days Sales Outstanding. Accounts payable 50,000 Cash Accounts receivable Inventory Long-term debt Net fixed assets Total Equity Total Liabilities and Equity Total assets A. Compute cost of goods sold. B. Compute net income
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