Given the following information find: (a) accounts receivable; (b) marketable securities; (c) fixed assets; (d) long term debt. Note: current assets are made up of cash, marketable securities, accounts receivable, and inventory. Show your work.
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credit sales
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$7,200,000
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cash
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$300,000
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inventory
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$2,150,000
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current liabilites
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$1,400,000
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asset turnover
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1.2
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currrent ratio
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2.5
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debt to assets
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40%
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receivables turnover
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8
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