Income statement balance, Finance Basics

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Income statement balance

1. 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: Income statement balance

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Finance Basics: Income statement balance

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