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Determination of Missing Financial Data

Financial Management

You are given the following selected financial information for The Blatz Corporation. (See the attached file for the chart)

Required:
Calculate accounts receivable, inventory, current assets, current liabilities, debt, equity, ROA, and ROE.

Attachments

Solution Summary

The attached contains detailed instructions on the determination of missing financial data from incomplete income statements and balance sheets, utilizing financial ratios to calculate the needed information to complete the financial statements.

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