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

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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)
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