Question: Given the balance sheet and income below for the TEW company Find. a. The firm's average collection period is (assume a 360-day calendar). b. The

Given the balance sheet and income below for the TEW company Find.

a. The firm's average collection period is (assume a 360-day calendar).

b. The firm's inventory turnover ratio.

c. the firm's fixed asset turnover ratio.

d. Total asset turnover rate.

e. Tew's quick ratio.

f. Tew's current ratio.

g. The firm's debt to assets ratio

h. Fixe charge coverage for Tew Company.

i. Times interest earned for Tew Company.

Sales (all on credit) Cost of goods sold Gross profit Sales and

administrative expenses Fixed lease expenses Depreciation Operating profit terest expense rofit before

Sales (all on credit) Cost of goods sold Gross profit Sales and administrative expenses Fixed lease expenses Depreciation Operating profit terest expense rofit before taxes axes (35%) et income $500,000 200.000 $300,000 20.000 10.000 40.000 $230,000 20.000 $210,000 73.500 $136,500 ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets TEW COMPANY Balance Sheet As of December 31 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable Accrued expenses Long-term debt Common stock Paid-in capital Retained earnings Total liabilities and stockholders' equity $20,000 80,000 50,000 250.000 $400,000 $40,000 60,000 130,000 100,000 10,000 60.000 $400,000

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