fm4 8 - Current s Inventorie-assets Current = 1.4 ×...

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Answers and Solutions: 4 - 8 7. Cash + Accounts receivable = (0.80)(Accounts payable) Cash + $45,000 = (0.80)($90,000) Cash = $72,000 - $45,000 = $27,000. 8. Fixed assets = Total assets - (Cash + Accts rec. + Inventories) = $300,000 - ($27,000 + $45,000 + $90,000) = $138,000. 9. Cost of goods sold = (Sales)(1 - 0.25) = ($450,000)(0.75) = $337,500. 4-12 1. s liabilitie Current assets Current = 3.0 × s liabilitie Current $810,000 = 3.0 × Current liabilities = $270,000. 2. s liabilitie
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Unformatted text preview: Current s Inventorie-assets Current = 1.4 × $270,000 s Inventorie-$810,000 = 1.4 × Inventories = $432,000. 3. s Inventorie + receivable Accounts + Securities Marketable + Cash = assets Current $810,000 = $120,000 + Accounts receivable + $432,000 Accounts receivable = $258,000. 4. Inventory Sales = 6.0 × $432,000 Sales = 6.0 × Sales = $2,592,000. 5. DSO = 365 Sales/ eceivable Accounts r = 365 / 000 , 592 , 2 $ 000 , 258 $ = 36.33 days....
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This note was uploaded on 07/13/2011 for the course FIN 4414 taught by Professor Staff during the Spring '08 term at University of Florida.

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