Question: Round to nearest dollar please! try to be step by step with the solutions if thats okay,having trouble with balance sheets. thanks Balance Sheet Income
Round to nearest dollar please! try to be step by step with the solutions if thats okay,having trouble with balance sheets. thanks
Balance Sheet Income Statement Cash Accounts receivable Inventory Net fixed assets Total assets Sales (All Credit) Cost of goods sold Operating expenses Interest expense Taxes Net income S30,000 10,000 6,000 100 1,365 $2,530 $1,400 Accounts payable Short-term notes payable Long-term debt Common stock Retained earnings Total Liabilities and equity $5,000 Ratios: Return on Equity 15% Quick Ratio 1.2 Return on Total Assets = 10% Net Fixed Asset Turnover- 1.6 Current Ratio = 2 Average Collection Period 45
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