Question: Using the following financial data: Debt/net worth 60% Acid test ratio 1.2 Asset turnover 1.5 times Day sales outstanding in accounts receivable 40 days Gross
Using the following financial data: Debt/net worth 60% Acid test ratio 1.2 Asset turnover 1.5 times Day sales outstanding in accounts receivable 40 days Gross profit margin 30% Inventory turnover 6 times Common stock RM15,000 Retained earnings RM22,000 Calculate:- 1. Cash 2. Accounts payable 3. Accounts receivable 4. Inventories 5. Plant & equipment 6. Total assets 7. Total liabilities & capital 8. Sales 9. Cost of goods sold
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