Problem 4.10 – Applying Percentage of Sales

Fundamentals of Corporate Finance

Ross, Westerfield, and Jordan

13th Edition

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Supply the missing information using the percentage of sales approach and put "n/a" where appropriate.

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  • Search Terms: "" (leave , __ accounts , — accounts , — retained , — total $, __ long-term - ..) [lo] a accounts and and paid-in answer applying approach. as assets net assets current assets $, __ total assume balance based be blank cells certain constant corporation corporation balance debt $, — fixed decimal do e.g., each earnings , — total $, — total enter equipment $, __ owners’ equity $, — the equity $ percentage of equity common follows. for heir in income information is item jordan liabilities liabilities cash $ missing needed. heir no not not. notes of on owners’ payable payable $ payable , — inventory , __ total $ percent percentage places, plant and previous problem, put receivable , __ notes rounded sales sales $ percentage of sales current sales, sales. sheet sheet assets liabilities statement statement, stock supply surplus $ that the this to using vary whenever where whereas with “n/a”
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