Question

4. Using the following accounting variables, construct the Balance Sheet.
a. Gross Profit (20% sales)
*60,000
b. Shareholders' Equity
*50,000
80%
c. Credit sales Total sales
3 times
d. Total assets turnover
8 times
e. Stock Turnover
f. Average Collection Period
18 days (360 days in a year)
1:6:1
h. Long Term Debt Equity
40%
g. Current Ratio​

Answer 1

Answer:

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