Question: If possible put in same order, trying to understand this assignment. Thank you in advance! Summary Practice Peoblem 6 Current assets $14, 000 Net sales

If possible put in same order, trying to understand this assignment. Thank you in advance!

If possible put in same order, trying to
Summary Practice Peoblem 6 Current assets $14, 000 Net sales $40, 000 Accounts receivable $ 5, 00@tal assets $38, 000 Current liabilities $20, 00@t income $10, 100 Inventory $ 4, 000 Solve from the following facts, rounding to the nearest hundredth. LU 16-3 (2) a. Current ratio b. Acid test c. Average day's collection d. Asset turnover e. Profit margin on sales Balance Sheet Income Statement 2017 Total Current Total Current Current ASSETS Sales a. Total debt to total assets Asssets Liabilities Ratio Current Assets: Sales returns & allowances Total Liabilities Total Assets Ratio Cash Net Sales Accounts Receivable Cost of Goods Sold Finished Raw Materials Merchandise Inventory Gross Profit from Sales b. Return on equity Goods Supplies Merchandise Inventory Prepaid Expenses Net InStockholders' Equity Ratio n/a + n/a Total Current Assets Operating Expenses Plant & Equipment Depreciation Building (net) Selling & Advertising / Administrative c. Asset turnover Total Current Prepaid Quick Land Research Net Sales Total Assets Ratio Expenses Inventory Assets Asssets Total Plant and equipmer Misc 9 Total Assets Total Operating Expenses LIABILITIES Income before interest and taxes d. Profit margin on net sales Quick Total Current Quick Current Liabilitys: Interest Expense Net Net Income Sales Profit Margin Assets Liabilities Ratio 10 Accounts Payable Income before taxes Salaries Payable Provision for Taxes Total Current Liabilitys Net Income e. Average day's collection Long-term Liabilitys: Accounts Receivable / (Net Sales / 360Avg. Day's Collection Mortgage note payable Total Liabilities EQUITY Common Stock Retained Earnings Total Equity Total Liabilities and Owner's Equity

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