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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Given the following information, complete the balance sheet shown next.
Collection period
Days' sales in cash
Current ratio
Inventory turnover
Liabilities to assets
Payables period
Assets
Current assets:
Cash
Accounts receivable
Inventory
Total current assets
Net fixed assets
Total assets
(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.
Liabilities and shareholders' equity
Current liabilities:
71 days
33
days
2.2
times
Accounts payable
Short-term debt
Total current liabilities
Long-term debt
Shareholders' equity
Total liabilities and equity
5
65%
35 days
$
$
1,300,000
2,000,000
7,000,000"
Transcribed Image Text:ces
Given the following information, complete the balance sheet shown next.
Collection period
Days' sales in cash
Current ratio
Inventory turnover
Liabilities to assets
Payables period
Assets
Current assets:
Cash
Accounts receivable
Inventory
Total current assets
Net fixed assets
Total assets
(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.
Liabilities and shareholders' equity
Current liabilities:
71 days
33
days
2.2
times
Accounts payable
Short-term debt
Total current liabilities
Long-term debt
Shareholders' equity
Total liabilities and equity
5
65%
35 days
$
$
1,300,000
2,000,000
7,000,000
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