Question: Use the Leno Co. financial data given below to answer the following 7 questions: Ratios Value Total Assets Turnover Fixed Assets Turnover DSO (Year is

 Use the Leno Co. financial data given below to answer the

Use the Leno Co. financial data given below to answer the following 7 questions: Ratios Value Total Assets Turnover Fixed Assets Turnover DSO (Year is 360 days) Quick Ratio Return on Assets 24 12% Total Assets Cash $ 1,000 A/R ?? Inventories ?? Fixed Assets ?? Total Assets $ 10,000 Total liabilities and equity Accounts payable ?? Long-term debt $ 4,000 Common equity ?? Retained Earnings $ 1,750 Total liabilities and equity ?? Sales ?? 1. What is Total liabilities & Equity? (use the financial data above) * O O $ 10,750 $9,750 O $10,000 O $1,000

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