Current ratio = 2.4 times Profit margin = 10% Sales = $1,220 million ROE = 10% Long-term debt to Long-term debt and equity = 60% Use the above information to complete the balance sheet below. Note: Enter your answers in millions. there is no asset turn over. this is the whole question current assets=______million fixed assets=_____million Total assets______million Current liabilities 230 million long term debt_____ million stockholders equity______million Total liabilities and equity_______ million
Current ratio = 2.4 times Profit margin = 10% Sales = $1,220 million ROE = 10% Long-term debt to Long-term debt and equity = 60% Use the above information to complete the balance sheet below. Note: Enter your answers in millions. there is no asset turn over. this is the whole question current assets=______million fixed assets=_____million Total assets______million Current liabilities 230 million long term debt_____ million stockholders equity______million Total liabilities and equity_______ million
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Current ratio = 2.4 times
Profit margin = 10%
Sales = $1,220 million
Long-term debt to Long-term debt and equity = 60%
Use the above information to complete the balance sheet below.
Note: Enter your answers in millions.
there is no asset turn over. this is the whole question
current assets=______million
fixed assets=_____million
Total assets______million
Current liabilities 230 million
long term debt_____ million
stockholders equity______million
Total liabilities and equity_______ million
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