Homework Answers
Owners’ Equity = 200,000
Total Debt / Owners’ Equity = 0.60
Total Debt / 200,000 = 0.60
Total Debt = 120,000
Short-term Debt to Total Debts = 0.40
Short-term Debt / 120,000 = 0.40
Short-term Debt = 48,000
Fixed Assets to Owners’ Equity = 0.60
Fixed Assets / 200,000 = 0.60
Fixed Assets = 120,000
Total Assets = Total Debt + Owners’ Equity
Total Assets = 120,000 + 200,000
Total Assets = 320,000
Total Assets Turnover = Sales / Total Assets
2x = Sales / 320,000
Sales = 640,000
Inventory Turnover = Sales / Inventory
8x = 640,000 / Inventory
Inventory = 80,000
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