Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. table 3.1 intrucciones: conteste las preguntas d

Table 3.1 Intrucciones: Conteste las preguntas de la 58 a la 63 con...

80.2K

Verified Solution

Question

Accounting

Table 3.1
Intrucciones: Conteste las preguntas de la 58 a la 63 con la Tabla 3.1(Table 3.1) mostrada arriba y con la
informacin que se brinda a continuacin:
Information for 2010:
Sales totaled $110,000
The gross profit margin was 25 percent.
Inventory turnover was 3.0.
There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
The total asset turnover was 1.13.
The debt ratio was 53.8 percent.
Inventory for CEE in 2010 was
(a) $36,667
(b) $32,448
(c) $27,500
(d) $9,167
Notes payable for CEE in 2010 was
(a) $113,466
(b) $52,372
(c) $41,372
(d) $10,609
(See Table 3.1)
(See Table 3.1)
Accounts receivable for CEE in 2010 was
(a) $14,056
(b) $19,861
(c) $14,895
(d) $18,333
(See Table 3.1)
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast,...

Basic Math
Q

Consider the following gas-phase reaction: C2H2(g) + 4 Cl2(g) 2 CCl4(g) + H2(g) Using data from Appendix C...

Chemistry
Q

.Find some recent projections for the future path of the U.S. government debt as a percentage...

Economics
Q

You are developing a new drug to treat Major Depressive Disorder (MDD). You know that patients...

Medical Sciences
Q

The 2 principle factors that determine Cardiac Output are: A. Heart Rate & Blood Volume B. End Diastolic...

Medical Sciences
Q

I have tried this multiple times and I can't get the right answer. The 2014 balance sheet...

Finance
Q

Paragraph for Question Nos 15 and 16 For the circuit shown in figure the voltmeter...

Physics
Q

4 List the domain and the range of the graph of each function a 4...

Basic Math
Q

Evaluate each limit:a) lim (x + x - 30) / (x - 6x...

Calculus
Q

MC Qu.05-77 On January 1, Year 6,... On January 1, Year 6, AB...

Accounting
Q

Music Teachers, Inc., is an educational association for music teachers that has 20,200 members. The...

Accounting
Q

Mars Limited has total debt of $70 million, total equity of $30 million, total assets...

Finance