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  3. the following data apply to j.s. billings company

The following data apply to J.S. Billings company (dollars in thousands): Cash...

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Question

Finance

The following data apply to J.S. Billings company (dollars in thousands):

Cash

$200

Average Collection Period

40 days

Net fixed assets

$600

Net Income

$60

Quick ratio

2 times

Sales

$900

Current Ratio

3 times

Return on Equity

12%

Billings has only current liabilities, long-term debt and common equity on the right-hand side of its balance sheet and only cash, account receivable, inventories, and net fixed assets on the left-hand side of the balance sheet. Find Billings:

a) Account receivable balance
b) Current assets
c) Current liabilities
d) ROA
e) Long term debt
f) Common equity

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