(Solved) Balance SheetAssetsLiabilitiesCurrent AssetsCurrent LiabilitiesCash 50Accounts payable 42Accounts ...

Balance Sheet

Assets

Liabilities

Current Assets

Current Liabilities

Cash

Accounts payable

Accounts receivable

Notes payable/short-term debt

Inventories

Total current assets

Total current liabilities

Long-Term Assets

Long-Term Liabilities

Net property, plant,

and equipment

121

Long-term debt

128

Total long-term assets

121

Total long-term liabilities 128

Total Liabilities

177

Stockholders' Equity

Total Assets

210

Total Liabilities and

210

Stockholders' Equity

Income Statement

Total sales

312

Cost of sales

-210

Gross Profit

102

Selling, general,

and administrative expenses

-34

Research and development

-10

Depreciation and amortization

-5

Operating Income

Other income

Earnings before interest

and taxes (EBIT)

Interest income (expense)

-20

Pretax income

Taxes

-8

Net Income

The balance sheet and income statement of a particular firm are shown above. What does the account receivable days ratio tell you about this company?

▸ It takes on average about 4 weeks to collect payment from its customers.

▸ It takes on average about 11 weeks to collect payment from its customers.

▸ It takes on average about 7 weeks to collect payment from its customers.

▸ It takes on average about 6 weeks to collect payment from its customers.

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Balance SheetAssetsLiabilitiesCurrent AssetsCurrent LiabilitiesCash 50Accounts payable 42Accounts ...

Fundamentals of Corporate Finance

Related Topics