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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 : Find North Star's (6) common equity. Do not round intermediate calculations; round final answers to two decimal places.
Question
Question 1: Find North Star's (6) common equity.
Question 2: Find North Star's (7) inventory.
Question 3: Find North Star's (8) quick ratio.
Question 4: Find North Star's (9) long-term debt.
Financial Statement Analysis and Preparation
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