Help me USE THE FOLLOWING INFORMATION TO FILL IN THE...
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USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Notes payable Net profit margin Return on assets 15,000 $200,000 20% 4 $10,000 15% 7.5% Average collection period (days) Accounts payable days Retained earnings (2018) Dividend payout ratio Accruals Current ratio Debt ratio 60 90 $23,700 80% $5,000 1.5 40% Note: Of total sales, 60 percent are on credit and the remainder are cash sales. Assume a 360-day year. All data in the table above, unless otherwise stated, is for the year 2019. Hodun, Inc. Balance Sheet for the Year Ending December 31, 2019 Cash Notes payable Accounts receivable Accounts payable Inventory Accruals Net fixed assets Long-term debt Total assets Common stock ($2 par value) Capital suplus Retained earning Total liab. & equity 31. Cash 32. Long-term debt = 33. Total assets = 34. Capital surplus
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