Question: have no clue where to begin Homework Ch 2 - Word References Mailings Review View Help Tell me what you want to do VANA *
Homework Ch 2 - Word References Mailings Review View Help Tell me what you want to do VANA * A. - A 21 . Abocx Aalbock AaBb Aalbcd AaB 1 Normal 1 No Spac. Heading 1 Heading 2 Title S S . Styles Name Danielle Donoso Problem 1 The following information is from Boston Pharmaceutical Inc.'s financial statements Sales (all credit) $30,500,000 Total assets turnover 2.5 times Total debt-to-total assets ratio 40% Foxed asset turnover ratio 6.00 times Current ratio 2.6 times Using the above listed ratios and data, compute the balance of the following accounts. Assume all sales are on credit and a 360-day year. Round to the nearest dollar. (Hint: use ratio formulas to derive the requested values.). Please show your work, a) Total assets b) Total debt c) Total equity d) Fixed assets
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