Corporate Finance Assignment/ Professional Essay Writers
Financial management The balance sheet for the Bryan Corporation is shown below. Sales for the year were $3,040,000, with 75 percent of sales sold on credit. BRYAN CORPORATION Balance Sheet 201X Assets Liabilities and Stockholders Equity CashAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦ $ 50,000 Accounts payableAc€¦Ac€¦Ac€¦Ac€¦Ac€¦.. $220,000 Accounts receivableAc€¦… 280,000 Accrued taxesAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦ 80,000 InventoryAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦ 240,000 Bonds payable (long-term)Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦ 118,000 Plant and equipmentAc€¦… 380,000 Common stockAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦.. 100,000 Paid-in capitalAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦ 150,000 Retained earningsAc€¦Ac€¦Ac€¦Ac€¦Ac€¦.. 282,000 Total assetsAc€¦Ac€¦Ac€¦… $950,000 Total liabilities and stockholders equityAc€¦ $950,000.
Compute the following ratios:
a. Current ratio.
b. Quick ratio.
c. Debt-to-total-assets ratio.
d. Asset turnover.
e. Average collection period. Also, I have to show for a 360 day year. please show the formulas I’m confused with these. Get FInance Help Today