Answer to Question #173362 in Economics for ISRAEL

Question

the following data apply to Jacobus and Associates (millions of dollars) Cash and marketable securities $ 100.00

Fixed assets =$ 283.50              Net income= $ 50.00

Sales =$1,000.00                       Quick ratio =2.0

Current ratio= 3.0                         DSO =40.55 days          ROE =12%

Jacobus has no preferred stock—only common equity, current liabilities, and long-term debt. Find Jacobus’s  

A.    Accounts receivable

B.    Current liabilities

C.    Current assets

D.   Total assets

Answer 1

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