Question: Please work out and show step-by-step instructions please. I am using this to study for a test and hoping this will help me understand how

Please work out and show step-by-step instructions please. I am using thisto study for a test and hoping this will help me understandPlease work out and show step-by-step instructions please. I am using this to study for a test and hoping this will help me understand how to solve this problem. I am stuck about half way thank you

Practice Exam 1 FINC 3131 Fall 2020 y. Current Liabilities are $325,000, the Current Ratio is 4.75, Quick Ratio is 2.50. Determine the value of Inventory. Round to nearest dollar. Do NOT enter dollar sign. 2. The Average Collection Period is 25 days and Average Daily Credit Sales are 11,000. Calculate the Accounts Receivable. Sales are $1,900,000; GPM is 0.25%: Inventory T/O is 10 times Just t's Calculate Inventory. 2-4 please 3. Net Income is $105,000; ROA is 10.50%; ROE is 17.00%. Calculate Total Debt. 4. Sales are $1,900,000; Dividends are $145,000; NPM is 19.20%. Calculate Retained Earnings. 5. Use the appropriate items from the following list to prepare in good form Nikita Corporation's income statement for the year ended December 31, 2003. All values are in $1,000s Sales 525 6. Complete the balance sheet using the following information: Quick Ratio: 2.8 ACP: 36 GPM: 20% Inventory T/O: 6 L-T Debt-to-Equity 0.5 ROE: 16.00% ROA: 10.00% Credit Sales equal 95% of Total Sales NI: 580.000 360 days per year Balance Sheet Cash Acets. Receivable Inventories 114,000 T. Current Assets Current Liabilities L-T Liabilities Total Liabilities Stockholders' Equity Total Liabilities & Equity Net Fixed Assets 500.000 Total Assets * Can you please provide step-by-step How to solve on Instructions using This to study and better understand How to solving this type about go

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