THPS 2 - Fall 2019 - CORPORATIC X S BA 862 - CORPORATION FINANC X C USE THE FOLLOWING DATA TO A X How to take a screenshot in W X X C File C:/Users/bhfijdjc/Downloads/THPS%202%20-%20Fall%202019%20(1).pdf GSU Spectrum Fin... Panther Mart Check Hold S One USG IRS LOGIN Apps Georgia State Unive... https://online.adp.c.. Classix ATL www.oldschool877.... USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 28 through 30 $ 2,000,000 20 % Sales Gross profit margin Inventory turnover ratio (Cost of goods sold/Inventory) 25 Net profit margin Average collection period Return on equity 4% 45 25 % Accumulated depreciation 75,000 12.5% Return on assets Accounts payable days 18 Notes payable 18,000 $ 400,000 Gross fixed assets Percent of sales on credit (remainder are cash sales) 80% NOTE: Assume a 360 day year for all ratios, etc Assume that the only accounts on the balance sheet are those listed below. Filll in this chart with the data provided and then answer questions 28, 29 and 30. Notes payable Cash Accounts receivable Accounts payable Long-term debt Inventory Gross fixed assets Equity (Accumulated depreciation) Total liab & equity Net fixed assets Total assets 28. Cash 29. Long-tem debt 30. Total assets 6:53 PM * O Type here to search 10/3/2019 THPS 2 - Fall 2019 - CORPORATIC X S BA 862 - CORPORATION FINANC X C USE THE FOLLOWING DATA TO A X How to take a screenshot in W X X C File C:/Users/bhfijdjc/Downloads/THPS%202%20-%20Fall%202019%20(1).pdf GSU Spectrum Fin... Panther Mart Check Hold S One USG IRS LOGIN Apps Georgia State Unive... https://online.adp.c.. Classix ATL www.oldschool877.... USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 28 through 30 $ 2,000,000 20 % Sales Gross profit margin Inventory turnover ratio (Cost of goods sold/Inventory) 25 Net profit margin Average collection period Return on equity 4% 45 25 % Accumulated depreciation 75,000 12.5% Return on assets Accounts payable days 18 Notes payable 18,000 $ 400,000 Gross fixed assets Percent of sales on credit (remainder are cash sales) 80% NOTE: Assume a 360 day year for all ratios, etc Assume that the only accounts on the balance sheet are those listed below. Filll in this chart with the data provided and then answer questions 28, 29 and 30. Notes payable Cash Accounts receivable Accounts payable Long-term debt Inventory Gross fixed assets Equity (Accumulated depreciation) Total liab & equity Net fixed assets Total assets 28. Cash 29. Long-tem debt 30. Total assets 6:53 PM * O Type here to search 10/3/2019