Question

finance question Given this COM Co's. Balance Sheet at 31/12/2018 Assets Liabilities Cash 65000 Account payable...

finance question

Given this COM Co's. Balance Sheet at 31/12/2018

Assets

Liabilities

Cash

65000

Account payable

Mar/sec

30000

Notes payable

8000

Acc/rec

180000

Interest payable

4800

inventory

accurals

4200

Total C/A

Total C/L

Gross fixed assets

Long term debt

Less Acc/Dep

25000

common stock

115000

Net fixed assets

Retaine earning

125000

Total assets

Total liabilities and eq

Another data were provided about the company during 2018

Sales = $1,840,00.0 ; Gross profit margin = 30.0%; Inventory Turn-Over = 8.0 times; Current Ratio - 5.0; Total Asset Turn-Over = 2.0; Total Debt ratio = 73.91%; Purchases = 60.0% of sales;(Use 360 days/year).

hint: use the debt ratio in your calculations

Find

1- COM. Inventories?

2 -COM Net Fixed Assets?

3 - COM APP average Payment Period)and COM (Average Age of Inventory) ?

4- COM Total Current Liabilities and COM Total Current Assets?

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