Create a professionally formatted balance sheet for General Aviation for December 3 1 , 2 0 2
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Question:
Create a professionally formatted balance sheet for General Aviation for December using the following information givem, and round up to the nearest dollar follow guide given to the right
Sales totaled $
The gross profit margin was percent.
Inventory turned times.
There are days in a year.
The average collection period was days.
The current ratio was
The total asset turnover was
The debt ratio was percent.
Total current assets equal $
Cash was $
Accumulated depreciation was $
Accounts payable was $
Accruals was $
Preferred stock was $
Common stock at par was $
Paid in capital in excess of par was $
Retained earnings was $
Cash is $
Accumulated depreciation is $
Accounts payable is $
ACcruals is $
Preferred stock $
Common stock at par is $
Paidin capital in excess of par is $
Retained earnings is $
Related Book For
Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins
Posted Date: