Question: I need help, please. Step by step. USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 48 through 50 Number

I need help, please. Step by step. USE THE FOLLOWING INFORMATION TOI need help, please. Step by step.

USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 48 through 50 Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Cash Net profit margin Return on assets Percent of sales for cash Financial Data for Fedrekoko, Inc. (Unless otherwise noted, all data is for December 31, 2020) Cash Accounts receivable Inventory Net fixed assets Total assets 48. Current assets = 49. Long-term debt = 60,000 $720,000 50. Total assets = 35% 5.0 $40,000 20% 20.0% 25% Average collection period (days) Accounts payable days Capital surplus Total dividends paid Accruals Quick ratio Debt ratio Assume a 360-day year and assume that the only accounts on the balance sheet are those listed below. Fill in this chart with the data provided and then answer questions 48, 49 and 50. NOTE: When you create the balance sheet associated with the data above, round all figures (if necessary) to the nearest whole dollar (i.e., to 0 decimal places). Be sure that your final balance sheet balances. Notes payable Accounts payable Accruals 18 9 Long-term debt Common stock ($0.50par value) $142,100 $4,000 Capital surplus Retained earnings Total liab. & equity $16,000 2.0 40%

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