Professional Documents
Culture Documents
Cash 174,363
Account receivable 80,137
Inventory 45,500
Current assets 300,000
Net fixed assets 1,000,000
Total 1,300,000
Account payable 100,000
Long-term debt 290,000
Total liabilities 390,000
Common equity 910,000
Total 1,300,000
Current ratio 3
Inventory turnover 10
Debt ratio 30%
Total asset turnover 0.5
Average collection period 45
Gross profit margin 30%
Sales 650,000
COGS 455,000
Accounts receivable turnover 8.1
Complete the following balance sheet using the following information provided:
Cash 204,272
Account receivable 172,603
Inventory 223,125
Current assets 600,000
Net fixed assets 1,500,000
Total 2,100,000
Current ratio 6
Inventory turnover 8
Debt ratio 20%
Sales 2,100,000
COGS 1,785,000
A / R Turnover 12.17
Total asset turnover 1
Average collection
period 30
Gross profit margin 15%