1. Calculate Builtrite’s balance sheet based upon the following information: (360 day year, all credit sales) Net Profits after tax $1,800,000 Current Ratio 2 Total Asset Turnover 2 Net Profit Margin 10% Quick Ratio 1 Average Collection Period 18 days Current Liab/Common Equity 20% Debt Ratio 40% Cash __________ Current Liabilities __________ Accts Rec __________ Long-term Debt __________ Inventory __________ Total Debt __________ Total CA __________ Common Equity __________ Fixed Assets __________ Total Liab & CE __________ Total Assets __________
1. Calculate Builtrite’s balance sheet based upon the following information:
(360 day year, all credit sales)
Net Profits after tax $1,800,000
Current Ratio 2
Total Asset Turnover 2
Net Profit Margin 10%
Quick Ratio 1
Average Collection Period 18 days
Current Liab/Common Equity 20%
Debt Ratio 40%
Cash __________ Current Liabilities __________
Accts Rec __________ Long-term Debt __________
Inventory __________ Total Debt __________
Total CA __________ Common Equity __________
Fixed Assets __________ Total Liab & CE __________
Total Assets __________
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