finance question
Question # 00003581
Posted By:
Updated on: 11/15/2013 10:08 PM Due on: 11/20/2013
Problem
3-3
Balance sheet analysis
Complete 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) _
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Rating:
/5
Solution: finance question