The following information is from Harrelson Inc.s, financial statements. Sales (all credit) were $28.50 million for 2013.
Question:
The following information is from Harrelson Inc.’s, financial statements. Sales (all credit) were $28.50 million for 2013.
Sales to total assets1.90 times
Total debt to total assets35%
Current ratio2.50 times
Inventory turnover10.00 times
Average collection period20 days
Fixed asset turnover5.00times
Transcribed Image Text:
Fill in the balance sheet Cash Accounts receivable Inventory Current debt. i欣, Long-term debt Total debt Equity Total current assets .._ Fixed assets Total debt and equity Total assets
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SalesTotal assets 190 Total assets 2850 million190 Total assets 15 million Total debtTotal assets 35 ...View the full answer
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Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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