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30 USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS...

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30 USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 48 through 50 Financial Data for Fedrekeke, Inc. (Unless otherwise noted, all data is for December 31, 2020) Number of shares outstanding 155,000 Average collection period (days) 25 Sales $600,000 Accounts payable days Gross profit margin 35% Capital surplus $138.500 Inventory turnover ratio 5 Total dividends paid $4,000 Cash $50,000 Accruals $22.500 Net profit margin 20% Quick ratio 1.4 Return on assets 15.0% Debt ratio 35% Percent of sales for cash 10% Assume a 360-day year and assume that the only accounts on the balance sheet are those listed below. Fill in this chart with the data provided and then answer questions 48, 49 and 50 Cash Accounts receivable Inventory Net fixed assets Total assets Notes payable Accounts payable Accruals Long-term debe Commen stock (50.5Opar value) Capital surplus Retained caring Total lib. & equity 48. Cash 49. Long-term debt 50. Total assets

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