Liberty University BUSI 320 Textbook Assignment 1

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Week 1 (Textbook Assignment 1) Financial Statement Analysis (Chp 3)Version C

Ratio Analysis Use the following information to complete the balance sheet below. Hint: use 365 day calendar.

Current ratio = 5
Current liabilities = 5 million
Credit sales = 25 million
Average collection period = 30
Inventory turns = 8
Total asset turns = .75
Debt ratio = 45%

Cash		Current Liabilities
Accounts Receivable		Long-term Debt
Inventory		Total Debt
Current Assets		Stockholders’ Equity
Fixed Assets

Total Assets		Total Liabilities & Equity