Liberty University BUSI320 Corporate Finance
Week 1 (Textbook Assignment 1) Financial Statement Analysis (Chp 3)Version C
Ratio Analysis Use the following information to complete the balance sheet below. Hint: use 365 day calendar.
Current ratio = 5
Current liabilities = 5 million
Credit sales = 25 million
Average collection period = 30
Inventory turns = 8
Total asset turns = .75
Debt ratio = 45%
|Accounts Receivable||Long-term Debt|
|Current Assets||Stockholders’ Equity|
|Total Assets||Total Liabilities & Equity|
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