Solve the following. i. Accounts receivable (AR) ii. Current Liabilities (CL) iii. Current Assets (CA) iv. Total

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Solve the following.

i. Accounts receivable (AR)

ii. Current Liabilities (CL)

iii. Current Assets (CA)

iv. Total Assets (TA)

given data.

Cash and Marketable Securities $280

Fixed Assets $590

Sales $3,150

Net Income $186

Quick Ratio (QR) 1.650000x

Current Ratio (CR) 3.950000x

Days Sales Outstanding (DSO) 37 days

Return on Equity (ROE) 16.4500%

Assume 365 days per year

Related Book For answer-question

Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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Posted Date: Apr 28, 2023 02:03 AM

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Solve the following. i. Accounts receivable (AR) ii. Current Liabilities (CL) iii. Current Assets (CA) iv. Total

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To solve for the unknowns we need to use the formulas for the given financial ... View the full answer

Contemporary Financial Management

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