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accounting question

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Question;Q8-13 Balance sheet AnalysisComplete the balance sheet and sales information in the table that follows for Hoffmeister Industries using the following financial data:Debt ratio: 50% Quick ratio: 0.80 Total assets turnover: 1.5Days sales outstanding 36.5 days Gross profit margin on sales:(Sales- Cost of goods sold)/ Sales= 25% Inventory turnover ratio: 5.0(The balance sheet has exhibited on the photo)

 

Paper#45122 | Written in 18-Jul-2015

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