Chapter 3

Hence assets are 80% financed by equity. 19. The Paragon Company has sales of $2,000 with a cost ratio of 60%, current ratio of 1.5, inventory turnover ratio (based on cost) of 3.0, and average collection period (ACP) of 45 days. Complete the following current section of the firm's balance sheet. Cash $ Accts Payable $ ................
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