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 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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