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  • Mar 22, 2010, 11:26 AM
    monica_d
    Determine the amount of total assets, current assets noncurrent assets
    Determine the amount of total assets, current assets, and noncurrent assets at the end of the period, given the following data:

    Current liability, ending balance $50,000
    Current ratio, ending 1:6:1
    Owners’ equity, beginning balance $120,000
    Inventory, beginning balance $ 35,000

    Purchases during the period $40,000
    Inventory, ending balance $30,000
    Gross margin percentage 45%
    Profit margin 10%
    Long term debt, ending balance $40,000
  • Mar 22, 2010, 12:45 PM
    Clough
    Hi, monica_d!

    Are you looking for direct answers, or for someone to come along to teach you how to come up with the correct answers yourself, please?

    If the former is true, then please click on the following link to read the announcement that's there.

    https://www.askmehelpdesk.com/financ...-b-u-font.html

    Thanks!

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