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Calculate accounts receivable and inventory

You are given the following selected financial information for The Blatz Corporation.

Income Statement.........Balance Sheet
COGS $750..................Cash $250
Net Income $160...........Net fixed assets $850

Ratios
ROS: 10%
Current ratio: 2.3
Inventory Turnover: 6.0 x
ACP: 45 days
Debt ratio: 49.12%

Calculate accounts receivable, inventory, current assets, current liabilities, debt, equity, ROA, and ROE.

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Finance Basics: Calculate accounts receivable and inventory

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