1. Complete the missing information for the selected balance sheet accounts base
ID: 2684539 • Letter: 1
Question
1. Complete the missing information for the selected balance sheet accounts based on the following ratios
Debt Ratio
50%
Tot Liab / Tot Asset
Quick Ratio
.80X
(CA-Inv)/CL
Total Asset TO
1.5X
Sales / Tot Asset
Days Sales Outstanding
36.5 days (365)
Receivables /Avg Sales per Day
Gross Profit Margin
On Sales
25%
(Sales-COGS)/Sales
Inventory TO
8X
Sales / Inv
Cash
Accounts Pay
Accounts Rec
LT Debt
60,000
Inventories
Common Stk
Fixed Assets
RE
97,500
Total Assets
450,000
Total Liab & Equity
Sales
COGS
Debt Ratio
50%
Tot Liab / Tot Asset
Quick Ratio
.80X
(CA-Inv)/CL
Total Asset TO
1.5X
Sales / Tot Asset
Days Sales Outstanding
36.5 days (365)
Receivables /Avg Sales per Day
Gross Profit Margin
On Sales
25%
(Sales-COGS)/Sales
Inventory TO
8X
Sales / Inv
Explanation / Answer
Cash
155250
Accounts Pay
67500
Accounts Rec
67500
LT Debt
60,000
Inventories
84375
Common Stk
225000
Fixed Assets
311625
RE
97,500
Total Assets
450,000
Total Liab & Equity
450000
Sales
675000
COGS
506350
.5= Total Liab/450,000
Total Liab= 225000
Cash
155250
Accounts Pay
67500
Accounts Rec
67500
LT Debt
60,000
Inventories
84375
Common Stk
225000
Fixed Assets
311625
RE
97,500
Total Assets
450,000
Total Liab & Equity
450000
Sales
675000
COGS
506350
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