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Liberty University BUSI 320 Textbook Assignment 1
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 |
