Use the proportions given to find the missing values. These proportions are sufficient to obtain the missing
Question:
Use the proportions given to find the missing values. These proportions are sufficient to obtain the missing information.
Current ratio = 5.3225806451613
Debt ratio = 0.29090909090909
Total asset turnover = 1.4866310160428 times/year
Gross profit margin = 0.4
Net profit margin = 0.04
Inventory turnover = 9.8117647058824 times/year
Accounts receivable turnover = 9.9285714285714 times/year
Fill in the missing balance sheet and income statement values below for Adams Company
Rec Accounts _____________
Inventory ______________
Fixed assets ______________
Total Assets 935,000.00
Accounts payable _____________
Long-term debt ___________
Common actions _____________
Retained earnings _____________
Total liabilities and equity ____________
Sales _________________
Cost of goods sold ________________
Net income ________________
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen