Question

The following items appeared on the balance sheet of Company Kula Count Inc. that had net sales of $300,000 for the year. Find the three unknown items:

Accounts Receivables..............$25,000

Cash.........................................$5,000

Machinery.................................$400,000

Shareholder's Equity................$600,000

Inventory...................................$50,000

Prepaid Expenses....................$5,000

Unearned Income.....................$30,000

Accounts Payable.....................$10,000

Long Term Debt........................$500,000

Find:

Land? ($)

Operating or Working Capital? ($)

Days Receivable? (In days, assuming 300 working days per year) - (if you prefer, you can compute Receivables Turnover instead)  

Answer 1

Pru. Given Tetal tabilhes shose holdess Fluity ニ. Accurbs euabletlana learn Debt tlenEarned 与11,49600 Lard.--. T tal kahilies 2 Eaub ㅡㅡ. Tabel-assets encert landt de oee Cafitels Cuvent Assets- Casment habiibes