Question: Please answer the balance sheet because I got something wrong in this balance sheet answers. &P17-4 (similar to) Question Help * Constructing a pro forma
&P17-4 (similar to) Question Help * Constructing a pro forma balance sheet) Use the following industry average ratios, B.to construct a pro forma balance sheet, The company's cost of goods sold is $ 2,674,000. (Round to the nearest dollar.) The company's total assets are $ 2,010,526. (Round to the nearest dollar.) The company's fixed assets are $ 779,592. (Round to the nearest dollar The company's accounts receivable is $ 98,378. (Round to the nearest dollar.) The company's inventories are $ 862,581. (Round to the nearest dolar.) The company's current liabilities are $ 492,374. (Round to the nearest dollar.) The company's total liabilities are $ 985,158. (Round to the nearest dollar.) Complete Mendoza Distributors' balance sheet below: (Round to the nearest dollar) Mendoza Distributors for Mendoza Distributors, Inc Data Table 1.9 times o Total asset turnover Average collection period (assume a 365-day year) Fixed asset turnover Inventory turnover (based on cost of goods sold) Current ratio Sales (all on credit) Cost of goods sold Debt ratio 94 days 4.9 times 3.1 times 2.5 times $3.82 milion 70% of sales 49% Print Done Enter any number in the edit fields and then click Check Answer. Clear All Check
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