Assets: Liabilities and Equity:
Blossom Corporation
Balance Sheet as of December 31, 2017
Assets: Liabilities and Equity:
Cash and marketable securities Accounts payable and accruals
Accounts receivable Notes payable 300,000
Inventory
Total current assets Total current liabilities
Long-term debt $2,000,000
Net plant and equipment Common stock
Retained earnings $1,250,000
Total assets $8,000,000 Total liabilities and equity
You have the following information:.
Debt ratio = 40 %
DSO = 47 days
Current ratio = 1.38
Inventory turnover ratio = 5.000
Net sales = $2.83 million
Cost of goods sold = $2.3540 million
Answers: 1
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Blossom Corporation
Balance Sheet as of December 31, 2017
Assets: Liabilities and Equity:
Assets: Liabilities and Equity:
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