Ratio Analysis2.105Ising the following data, complete the Balance Sheet below:Gross Profit (20% of sales)Shareholders' Equity7 60,0007 50,000Credit Sales to Total sales80%Total Assets Turnover (Sales/Total Assets)3 timesInventory Turnover (to cost of Sales)Average Collection Period (360 days a year)8 times18 daysCurrent ratio1.6Long-term debt to Equity40%Balance SheetCreditorsCashLong-term DebtShareholders' EquityDebtorsInventoryFixed Asset..... ....000:

Balance sheet refers to the financial statement of the business entity. It is divided into two parts…

37. Using the following data, complete the Balance Sheet below: Gross Profit (20% of sales) Shareholders' Equity 60,000 7 50,000 Credit Sales to Total sales Total Assets Turnover (Sales/Total Assets) Inventory Turnover (to cost of Sales) Average Collection Period (360 days a year) 80% 3 times 8 times 18 days Current ratio 1.6 Long-term debt to Equity 40% Balance Sheet Creditors Cash ..... Long-term Debt Shareholders' Equity Debtors Inventory Fixed Asset ....

37. Using the following data, complete the Balance Sheet below: Gross Profit (20% of sales) Shareholders' Equity 60,000 7 50,000 Credit Sales to Total sales Total Assets Turnover (Sales/Total Assets) Inventory Turnover (to cost of Sales) Average Collection Period (360 days a year) 80% 3 times 8 times 18 days Current ratio 1.6 Long-term debt to Equity 40% Balance Sheet Creditors Cash ..... Long-term Debt Shareholders' Equity Debtors Inventory Fixed Asset ....

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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