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finance question

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Question;Problem;3-3;Balance sheet analysisComplete;the balance sheet and sales information in the table that follows for Isberg;Industries using the following financial data;Debt;ratio: 50%;Quick;ratio: 0.8 X;Total;asset turnover: 1.5 X;Days;sales outstanding: 36 days;(A/R;collection period is 36 days);(A/R;turnover ratio?);Gross;profit margin on sales, (Sales ? COGS)/Sales = 25%;Inventory;turnover ratio: 5 X;Balance sheet;Cash 8) Accounts payable 6);Account;receivable 5) Long-term debt $60,000;Inventories;4) Common stock ___7);Fixed;assets ___9)___ Retained earnings $97,500;Total;assets $300,000 Total Liabilities and equity _1);Sales;2);Cost of goods sold _ 3)

 

Paper#51297 | Written in 18-Jul-2015

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