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es are un creul, All Lacuidus assume au-uay year. The payaures penou Round your answers to the nearest whole dollar. s ent assets sh counts receivable entory current assets xed assets assets W $ $ 1,500,000 2,000,000 8,000,000

es are un creul, All Lacuidus assume au-uay year. The payaures penou Round your answers to the nearest whole dollar. s ent assets sh counts receivable entory current assets xed assets assets W $ $ 1,500,000 2,000,000 8,000,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A sarts are on Creu Al Caicis an Note: Round your answers to the nearest whole dollar. Assets Current assets Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Liabilities and shareholders' equity Current liabilities: Accounts payable Short-term debt Total current liabilities Long-term debt Shareholders' equity Total liabilities and equity uay year. me payaures pero is aseu Un Lust or goous solu $ 1,500,000 2,000,000 $ 8,000,000
Transcribed Image Text:A sarts are on Creu Al Caicis an Note: Round your answers to the nearest whole dollar. Assets Current assets Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Liabilities and shareholders' equity Current liabilities: Accounts payable Short-term debt Total current liabilities Long-term debt Shareholders' equity Total liabilities and equity uay year. me payaures pero is aseu Un Lust or goous solu $ 1,500,000 2,000,000 $ 8,000,000
Given the following information, complete the balance sheet shown next. Collection period Days sales in cash Current ratio Assets Current assets Inventory turnover 5 times. Liabilities to assets 75% Payables period 35 days (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets 62 days 35 days Liabilities and shareholders' equity Pusat Bakillilani 2.3 $ 1,500,000 2,000,000 $ 8,000,000 * Peny FNB # Next
Transcribed Image Text:Given the following information, complete the balance sheet shown next. Collection period Days sales in cash Current ratio Assets Current assets Inventory turnover 5 times. Liabilities to assets 75% Payables period 35 days (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets 62 days 35 days Liabilities and shareholders' equity Pusat Bakillilani 2.3 $ 1,500,000 2,000,000 $ 8,000,000 * Peny FNB # Next
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