sing Ratios to Determine Account Balance.We are givem the following information for Cathy Corporation Sales(credit) . 3,000,000 Cash 150,000 Inventory 850,000
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Using Ratios to Determine Account Balance.We are givem the following information for Cathy Corporation
Sales(credit) . 3,000,000
Cash 150,000
Inventory 850,000
Current liabilities 700,000
Asset turnover 1.25 times
Current ratio 2.50 times
Debt-to assets ratio 40%
Receivable turnover 6 times
Current assets are composed of cash, marketable securities, accounts receivable and inventory.
a.Calculate the amount receivable
b.Calculate the marketable securities
c.Calculate the fixed assets
d.Calculate the long term debt
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how do i get the total assets from this information? i'm a little stuck on that part. how did it go from 3,000,000 to 2,400,000? i'm not sure which calculation i need to do in order to figure that out. my question would be:
1.40 = 3,549,000 | total assets
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- Find the following using the data bellow Accounts receivable = 111,100,000 Current assets = 316,500,000 Total assets = 600,000,000 A. Return on assets B. Common equity C .Quick ratioBased upon the information given below, calculate the following: Current ratio Acid test Accounts receivable turnover ratio Cash ratio Inventory turnover EPS Total asset turnover Debt ratio Debt-to-equity ratio Times interest earned ROI Net profit margin ROE Market price/Book value P/E Average Collection Period BALANCE SHEET ASSETS LIABILITIES & STOCKHOLDERS EQUITY Cash $ 1,500 Accounts payable $12,500 Marketable securities 2,500 Notes payable 12,500 Accounts receivable 15,000 Total…We are given the following information for the Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $ 2,880,000 188,000 890,000 811,000 1.35 times 2.30 times a. Accounts receivable b. Marketable securities c. Fixed assets d. Long-term debt 40 % 5 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Lienser Fraktala TAMARA TANT RISHI TRITATE FAST JET PARETSTRANS I nemal osted or annemangen MANENBER HAGPAINT MANSION LARPURCO Calculate the following balance sheet items. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)
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