Using the information given in the following table, complete the balance sheet given (10) (20) underneath...

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Using the information given in the following table, complete the balance sheet given (10) (20) underneath and write it down in answer book provided. Show there the required calculations as well. Table Long Term Debt to Equity Total assets turnover Average Collection Period (assume 360 day year and all sales on credit) Inventory turnover Gross Profit Margin Acid-test ratio Balance Sheet Cash Accounts Receivable Inventory Plant and Equipment Total Assets $ $ 0.5 to 1 2.5 times 18 days 9 Times 10% 1 to 1 Notes and Notes Payable Long-Term Debt Common Stock Retained Earnings Total Liabilities and shareholders' equity $100,000 100,000 100,000 $ Using the information given in the following table, complete the balance sheet given (10) (20) underneath and write it down in answer book provided. Show there the required calculations as well. Table Long Term Debt to Equity Total assets turnover Average Collection Period (assume 360 day year and all sales on credit) Inventory turnover Gross Profit Margin Acid-test ratio Balance Sheet Cash Accounts Receivable Inventory Plant and Equipment Total Assets $ $ 0.5 to 1 2.5 times 18 days 9 Times 10% 1 to 1 Notes and Notes Payable Long-Term Debt Common Stock Retained Earnings Total Liabilities and shareholders' equity $100,000 100,000 100,000 $

Answer rating: 100% (QA)

Long term debt to Equity 05 1 Equity is given as 200000 Long term debt 05 200000 100000 Total Liabil... View the full answer