$200,000 Accounts Payable Cash $100,000 Marketable Sec. Acct Rec $100,000 Notes Payable Accruals Inventories $100,000...

70.2K

Verified Solution

Question

Finance

image
image
$200,000 Accounts Payable Cash $100,000 Marketable Sec. Acct Rec $100,000 Notes Payable Accruals Inventories $100,000 Total Current Assets Total Current Liabilities Gross Fixed Assets Less: Accum Dep. $4,000,000 Long Term Debt $ 3,400,000 Stockholders Equity Net Fixed Assets 6,800,000 Other Assets Total Assets S Total Liabilities and Equity Sales Sales $4,000,000 Gross Profit Margin 30% Days Sales Outstanding 60 days (Avg Collection Period) Inventory Turnover 8.0 Total Asset Turnover 2.0 Current Ratio 2.0 Gross Profit Margin on Sales 25% $200,000 Accounts Payable Cash $100,000 Marketable Sec. Acct Rec $100,000 Notes Payable Accruals Inventories $100,000 Total Current Assets Total Current Liabilities Gross Fixed Assets Less: Accum Dep. $4,000,000 Long Term Debt $ 3,400,000 Stockholders Equity Net Fixed Assets 6,800,000 Other Assets Total Assets S Total Liabilities and Equity Sales Sales $4,000,000 Gross Profit Margin 30% Days Sales Outstanding 60 days (Avg Collection Period) Inventory Turnover 8.0 Total Asset Turnover 2.0 Current Ratio 2.0 Gross Profit Margin on Sales 25%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students