Use the following industry average ratios to construct a pro-forma statement of Financial Position (Balance...
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Finance
| Use the following industry average ratios to construct a pro-forma statement of Financial Position (Balance Sheet) for Lascu Distribution Ltd. | |
| Total Asset Turnover | 2 times |
| Average Collection Period (Assume 365 days) | 9 days |
| Fixed Asset Turnover | 5 times |
| Inventory Turnover | 3 times |
| Current Ratio | 2 times |
| Sales (all credit) | $4.0 million |
| Cost of Sales | 75% of sales |
| Debt Ratio | 50% |
You will need to find
- Total Assets 5. Cash
- Net Fixed Assets 6. Current Liabilities
- Inventory 7. Common Equity
- Accounts Receivables 8. Long-term debt 9. Total debt & Equity
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