Question: Financial Data for Spinaway, Inc. (Unless otherwise noted, all data is for December 31, 2020) Number of shares outstanding 125,000 Average collection period (days) Sales
Financial Data for Spinaway, Inc. (Unless otherwise noted, all data is for December 31, 2020) Number of shares outstanding 125,000 Average collection period (days) Sales $2,400,000 Accounts payable days Gross profit margin 25% Retained earnings (Dec 31, 2019) Inventory turnover ratio 6 Dividend payout ratio Notes payable $80,000 Accruals Net profit margin 15% Current ratio Return on assets 7.5% Debt ratio Percent of sales on credit 70% Par value per share 60 90 $402,000 80% $20,000 1.2 40% $5.00 Find the following: CASH TOTAL LIABILITIES TOTAL SHAREHOLDER EQUITY TOTAL ASSEST
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