Question: Fast please Using the following information, complete this balance sheet: Long-term debt to net worth 0.5 to 1 Total asset turnover 2.5 x Average collection

Fast please

Fast please Using the following information, complete this balance sheet: Long-term debt

Using the following information, complete this balance sheet: Long-term debt to net worth 0.5 to 1 Total asset turnover 2.5 x Average collection period* 18 days Inventory turnover 9x Gross profit margin 10% Acid-test ratio 1 to 1 *Assume a 360-day year and all sales on credit. 1,00,000 Cash Accounts receivable Inventory Plant and equipment Total assets Notes and payables Long-term debt Common stock Retained earnings Total liabilities and equity 1,00,000 1,00,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

1. Using the following information, complete this balance sheet: Long-term debt to net worth 0.5 to 1 Total asset turnover 2.5 x Average collection period* 18 days Inventory turnover 9 x Gross profit...

Using the following information, complete this balance sheet: Long-term debt to net worth Total asset turnover Average collection period* Inventory turnover Gross profit margin Acid-test ratio 0.5 to...

4. Using the following information, complete the balance sheet Long-term debt to equity Total asset turnover Average collection period Inventory turnover Gross profit margin Acid-test ratio 0.5 to 1...

QUESTION ONE Presented below are some of the financial ratios and an incomplete statement of financial position for Muungano Company Ltd . You are required to complete the statement of financial...

Presented below are some of the financial ratios and an incomplete statement of financial position for Muungano Company Ltd . You are required to complete the statement of financial position below;...

A business asks you to prepare a simple statement of Fininancial position using the following information (use 365 days) Sales = $36 000 000 Gross Profit Margin = 25% Inventory Turnover = 9 Average...

Explain how the company is trending based on the year-over-year ratios. Compare the company to the industry average in Appendix A in the Excel workbook in areas of profitability, management...

PLEASE HELP, I am currently working with a team that will not help me with anything. I have currently done the whole 2 first parts by myself. Any or all parts of this question would be greatly...

Describe the effects that the elimination of intercompany sales and intercompany profits in ending inventory will have on the various elements of the consolidated financial statements.

In Eq. 41-6 let E EF = E = 1.00eV. (a) At what temperature does the result of using this equation differ by 10% from the result of using the classical Boltzmann equation P(E) = eE/kT (which is Eq....

Indicate whether each description more closely relates to a major find feature of financial accounting or management accounting

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

The Nature of Nonverbal Communication

Functions of Nonverbal Communication

Nonverbal Communication Codes