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Sales (credit) . . . . . . . . . . . . . . . $7200000Cash . . . . . . . . . . .
NOTE: You should be using the combined class data set not your sample of three b
September 15, 2020At December 31 DePaul Corporation had a $16 million balance in its deferred tax
September 15, 2020Sales (credit) . . . . . . . . . . . . . . . $7200000Cash . . . . . . . . . . . . . . . . . . . . . 300000Inventory . . . . . . . . . . . . . . . . . . 2150000Current liabilities . . . . . . . . . . . . 1400000Asset turnover . . . . . . . . . . . . . . 1.20 timesCurrent ratio . . . . . . . . . . . . . . . 2.50 timesDebt-to-assets ratio . . . . . . . . . . 40%Receivables turnover . . . . . . . . . 8 timesCurrent
assets are composed of cash marketable securities accounts
receivable and inventory. Calculate the following balance sheet items.a. Accounts receivable.b. Marketable securities.c. Fixed assets.d. Long-term debt
