The business has sufficient funds to meet all capital expenditure requirements:Calculate for each project
January 4, 2018
Determine (a) the accounts receivable turnover and (b) the days’ sales in receivables, using both methods for calculating the days’ sales in receivables ratio. Round to one decimal place.
January 4, 2018

Determine the company’s debt ratio.

The following information was taken from Gordon Company s balance sheet Total


The following information was taken from Gordon Company’s balance sheet:
Total assets …………………………………… $500,000Long-term liabilities ………………………….. 200,000

Total liabilities ………………………………… 300,000

Total shareholders’ equity …………………….. 200,000

Determine the company’s debt ratio.

 

The following information was taken from Gordon Company s balance sheet Total

 

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