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
Related questions
Question
Referring to the
Round the answer to the nearest dollar
Transcribed Image Text:Extra Information
Sales
$35,600
Debt Ratio
0.26
Average
Collection
34
Period (days)
Current Ratio 3.5
Days per year 365
Transcribed Image Text:Year-End Balance Sheet
2020
2020
Cash
Accounts
Receivable
7,204
Accounts Payable 4612
3,428
Notes Payable ???
Accrued
Expenses
Inventory
Prepaid Rent
Total Current
Assets
11,109
???
???
Total Current
23,150
8,311
Liabilities
Net fixed assets ???
Long-term debt 12,584
Common stock ???
Retained Earnings ???
Total Assets
Total Liab. & S.
Equity
???
???
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