Calculate accounts receivable-inventory-current assets


Problem: 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.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Calculate accounts receivable-inventory-current assets
Reference No:- TGS01832812

Now Priced at $25 (50% Discount)

Recommended (90%)

Rated (4.3/5)