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Category: General
Words: 825
Amount: $25
Writer: 1

Paper instructions

You are establishing a new subsidiary for your company. You believe that the subsidiary will generate sales of $15 million, and will conform to the industry ratios listed below the balance sheet. What will the balance sheet entries be? Cash 500,000 Wages Payable 250,000 A/R N/P_________________________ Inventory______________ TCL TCA LTD________________________ NFA__________________ Total Debt TA S/E_________________________ TL&SE Industry Ratios: Current Ratio 4 Quick Ratio 2 Price/Earnings 12 Market/Book 2 TCL/SE .20 Total Asset TO 3 Times Int. Earned 4 Debt Ratio .50

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