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1.2. Mustang Corporation has the following information: On its balance sheets (Millions of dollars): a. Cash= $45 b. Acc
Posted: Sun Apr 17, 2022 6:25 pm
by answerhappygod
- 1 2 Mustang Corporation Has The Following Information On Its Balance Sheets Millions Of Dollars A Cash 45 B Acc 1 (85.78 KiB) Viewed 22 times
1.2. Mustang Corporation has the following information: On its balance sheets (Millions of dollars): a. Cash= $45 b. Accounts Receivable= $30 C. Inventories= $100 d. Net Fixed Assets= $500 e. Accounts Payable= $20 f. Accruals= $10 g. Short-Term Debt (matures in less than a year) = $25 h. Long-Term Debt= $200 i. Total Common Equity= $415 On its Income
Statement Reports: j. Sales= $1,000 k. Costs of Goods Sold (excluding depreciation) = $450 I. Depreciation= $50 m. Other Operating Expenses= $100 Interest Expense= $20 Tax Rate= 20% n. 0. Calculate the following Ratios: 1.2.1. Total Assets Turnover 1.2.2. Fixed Assets Turnover 1.2.3. Days Sales Outstanding (based on 365-day year) 1.2.4. Inventory Turnover