The following information is provided in the 2018 annual report to shareholders of The BizStore: Required: Compute the missing amount in the BizStore financial statement information. (Round your intermediate calculations and final answers to the nearest whole number. Round ratios and "Percentage" values to 1 decimal place.)

Problem 4-167

The following information is provided in the 2018 annual report to shareholders of The BizStore:

 

Transcribed Image Text:

December 31, 2018 December 31, 2017 Accounts receivable $ 15 million 34 million 259 million Inventory $ $ 29 million Total assets Total stockholders' equity $ $ 139 million Net sales $ 124 million Cost of goods sold 102 Net income $ 23 Average collection period Average days in inventory 31.2 days 113.0 days Equity multiplier 1.8 10.0 % 18.3 % Return on stockholders' equity Profit margin on sales ROA % %24 %24 %24 December 31, 2018 December 31, 2017 Accounts receivable $ 15 million 34 million 259 million Inventory $ $ 29 million Total assets Total stockholders' equity $ $ 139 million Net sales $ 124 million Cost of goods sold 102 Net income $ 23 Average collection period Average days in inventory 31.2 days 113.0 days Equity multiplier 1.8 10.0 % 18.3 % Return on stockholders' equity Profit margin on sales ROA % %24 %24 %24

Answer rating: 100% (QA)

Account Receivable Net Sales Collection Period 365 124 312 d... View the full answer