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Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134105598Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134105598 Exercise 6
Consider B B Company's financial data as follows: (unit: millions of dollars except ratio figures):
• Cash and marketable securities $2,000
• Fixed assets $6,500
• Sales $20,500
• Net income $4,100
• Inventory $3,250
• Current ratio 2.8
• Average collection period 40 days
• Average common equity $10,000
Fill in the blanks by calculating the appropriate accounting entries in the balance or the income statement.
• Cash and marketable securities $2,000
• Fixed assets $6,500
• Sales $20,500
• Net income $4,100
• Inventory $3,250
• Current ratio 2.8
• Average collection period 40 days
• Average common equity $10,000
Fill in the blanks by calculating the appropriate accounting entries in the balance or the income statement.
Explanation
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In the present case, the company B B's f...
Contemporary Engineering Economics 6th Edition by Chan Park
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