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Determine and find north star average sales per day

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Reference no: EM132479632

North Star had the following data (thousands of dollars):

Cash and equivalents                100.00

Fixed assets                            283.50

Sales                                    1,000.00

Net income                                50.00

Current liabilities                          105.50

Notes payable to bank                   20.00

Current ratio                                 3.00

DSO                                          40.55 days

ROE                                                12.00%

North Star has no preferred stock-only common equity, current liabilities, and long-term debt.

Question 1: Find North Star's (1) Average sales per day. Do not round intermediate calculations; round final answers to two decimal places.

Question:

Question 2:  Find North Star's (2) accounts receivable.

Question 3: Find North Star's (3) current assets.

Question 4: Find North Star's (4) total assets.

Reference no: EM132479632

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