Question: The data and calculations are based on a 365-day year. Cash and equivalents $225,000 Fixed assets $650,000 Sales $2,500,000 Net income $112,500 Current liabilities $240,000

The data and calculations are based on a 365-day year. Cash and equivalents $225,000 Fixed assets $650,000 Sales $2,500,000 Net income $112,500 Current liabilities $240,000 Current ratio 2.5 DSO 18.25 ROE 12.00% The current ratio is equal to . Plugging in the relevant values for the current ratio and current liabilities, and then solving yields a current assets value of . Adding fixed assets to current assets yields a value of total assets of

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