The Griggs Corporation: Creating a Balance Sheet from Ratios
Not what you're looking for?
The Griggs Corporation has credit sales of 1,200,000. Given the following ratios, fill in the balance sheet below.
Total assets turnover - 2.4 times
Cash to total assets - 2.0%
Accounts receivable turnover - 8.0 times
Inventory turnover - 10.0 times
Current ratio - 2.0 times
Debt to total assets - 61.0%
Griggs Corporation
Balance Sheet 2008
Assets:
Cash
Accounts Receivable
Inventory
Total current assets
Fixed assets
Total assets
Liabilities and Stockholders Equity:
Current debt
Long-term debt
Total debt
Equity
Total debt and stockholders equity
I understand how to find total assets, total debt, net worth & cash. I'm confused on how to find current debt vs long term debt which prohibits finding the remainder of the problems. Thank you for your help :)
Purchase this Solution
Solution Summary
The attached MS Excel spreadsheet contains detailed instructions for the completion of a standardized balance sheet for the Griggs Corporation from relevant financial ratios.
Solution Preview
Find attached a formatted MS Excel spreadsheet containing assistance for the Griggs Corporation exercise.
The Griggs Corporation has credit sales of 1,200,000. Given the following ratios, fill in the balance sheet below.
Total assets turnover 2.40 times
Cash to total assets 2.0 %
Accounts receivable turnover 8.00 times
Inventory turnover 10.00 times
Current ratio 2.00 times
Debt to total assets 61.0 %
Griggs Corporation
Balance Sheet 2008
Assets: Liabilities and Stockholders ...
Purchase this Solution
Free BrainMass Quizzes
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.