Question

Please fill in the balance sheet below:

c. Fixed assets d Long-term debt. u 35. The following information is from Harrelson Inc.s financial statements. Sales (all credit) were $28.50 million for last year sti Sales to total assets ℡al debt to total assets Current ratio Inventory tumover Average collection period Fixed asset turnover 1.90 times 35% 2.50 times 10.00 times 20 days 5.00 times Fill in the balance sheet: Cash Accounts receivable Inventory Current debt... Long-term debt Total debt Total current assets Equity Fixed assets- Total debt and equity Total assets

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Answer #1

BALANCE SHEET

CASH(W.N.-8)

4.89

CURRENT DEBT(W.N.-3)

3.72

ACCOUNT RECEIVABLES(W.N.-5)

1.56

LONG TERM DEBT

1.53

INVENTORY(W.N.-4)

2.85

TOTAL DEBT(W.N.-2)

5.25

TOTAL CURRENT ASSETS

9.30

EQUITY(W.N.-7)

9.75

FIXED ASSETS (W.N.-6)

5.70

TOTAL ASSETS (W.N.-1)

15.00

TOTAL EQUITY & DEBT

15.00

For working notes see the attached images.Salas S 28-Go (tungo.) {.90れ Tahol debk curand daardies = $ 3,72 mMch Solas n vadea36s soi W N suced Arad

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