Question: Fill in the missing values on the balance sheet and income statement below for the Adams Company. Use the ratios that are given to calculate
Fill in the missing values on the balance sheet and income statement below for the Adams Company. Use the ratios that are given to calculate the missing values. These ratios are sufficient for you to derive the missing information.
Current ratio = 5.3225806451613
Debt ration = 0.29090909090909
Total asset turnover = 1.4866310160428 times/yr
Gross profit margin = 0.4
Net profit margin = 0.04
Inventory turnover = 9.8117647058824 times/yr
Receivables turnover = 9.9285714285714 times/yr
Important: Do not round the ratios until your have found the final answer in each case. This is done so that the values on the balance sheet and income statement come out as whole numbers.
Cash _____________
Accts Rec _____________
Inventory ______________
Fixed Assets ______________
Total Assets 935,000.00
Accts payable _____________
Long term debt ___________
Common stock _____________
Retained Earn _____________
Total Liab & Equity ____________
Sales _________________
Cost of Goods Sold ________________
Net Income ________________
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