Question: When total sales are $ 1 4 5 , 0 0 0 , age of payables is 3 3 days, and long - term debt
When total sales are $ age of payables is days, and longterm debt is $ what would be the impact on TopAs proforma longterm revt is sales were to fhange $ and the age of payables were to change to days?
Know on income statement:
sales $
COGS: $
Gross Profit: $
Total operating expenses: $
EBT: $
Taxes: $
Net earnings: $
Known on balance sheet:
Assets: cash: $
Accounts receivable: $
NEED ANSWERSSTEPS FOR:
Inventory:
Fixed assets: $
Total Assets:
Liabilities: accounts payable:
Longterm debt:
Total liabilities:
Equity:
Total Loabilities and equity:
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