Blackwell Automotive's balance sheet at the end
Blackwell Automotive's balance sheet at the end of its most recent fiscal year shows the following information: Blackwell Automotive Balance Sheet as of March 31, 2011 Assets: Liabilities and Equity: Cash and marketable securities $ 26,067 Accounts payable and accruals $ 163,257 Accounts receivable 106,278 Notes payable 21,115 Inventories 244,372 Total current assets $ 376,717 Total current liabilities $ 184,372 Long-term debt 168,022 Total liabilities $ 352,394 Net plant and equipment 711,256 Common stock 313,299 Goodwill and other assets 89,879 Retained earnings 512,159 Total assets $ 1,177,852 Total liabilities and equity $ 1,177,852 In addition, it was reported that the firm had a net income of $306,893 on sales of $5,968,448. a. What are the firm's current ratio and quick ratio? (Round answers to 2 decimal places, e.g.15.25.) Current Ratio times Quick Ratio times b. Calculate the firm's days' sales outstanding, total asset turnover ratio, and fixed asset turnover ratio. (Round answers to 2 decimal places, e.g.15.25.) Days Sales Outstanding days Total Asset Turnover times Fixed Asset Turnover times
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Posted 03 May 2017 11:05 AM
My Price 8.00
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