Home / Questions / Use the following information to constuct a balance sheet and then answer the following qu
Use the following information to constuct a balance sheet and then answer the following questions below.
Gross profit margin = 70%
Inventory turnover ratio = 5 times
Sales = $4,000
Net profit margin = 5%
Average collection period = 45 days
Return on equity = 50%
Return on assets = 20%
Cash = $75
Current ratio = 2.50 times
Accounts payable days = 30 days
Note: Of total sales, 80 percent are on credit and the remainder are cash sales. Assume a 360-day year.
Please answer ALL of the following 9 questions below. Find the values of each.
1. Cash _______
2. Accounts receivable _______
3. Inventory _______
4. Net fixed assets _______
5. Total assets _______
6. Notes Payable _______
7. Accounts Payable _______
8. Long-term Debt _____
9. Equity ______
Dec 04 2019 View more View Less
Out of 300 convicted felons at a certain prison facility, 120 are incarcerated for a drug-related offense. If 5 prisoners are selected at random, what is the exact pro...
Apr 05 2020Organization effeciveness concept and approaches with factors >
Apr 29 2020The K to 12 basic education curriculum framework shows that the K to 12 basic education curriculum has the following salient features EXCEPT... a. It focuses on the hol...
Jul 10 2021When 13.66 g of lactic acid, C3H6O3, is mixed with 115 g of stearic acid, the mixture freezes at 62.7 C. The freezing point of pure stearic acid is 69.4 C. What is the fr...
Jun 19 2021Tylers Tablets sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a WI-Fi hot spot. It offers two bu...
Aug 13 2021Self-described "sports nut" Gary Baker signed up for a three-year club-seat "package" that entitled him and a companion to tickets for 41 Boston Bruin hockey games and 41...
Aug 04 2021What is Sources of Capital
Dec 01 2017Gasoline prices above $3 per gallon have affected what Enterprise Rental Car Co. can charge for various models of rental cars. SUVs are $37 with one-day return and subc...
Apr 02 2020Assume a bond has an effective duration of 105 and a convexity of 973 Using both of these measures, what is the estimated percentage change in price for this bond, in res...
Mar 24 2020Epley Corporation makes a product with the following standard costs: In July the company produced 4, 500 units using 10, 150 pounds of the direct material and 2, 130 dire...
Jul 15 2021