Essay
Ballantine Inc. has the following financial statements ($omitted). Ballantine paid no dividends and sold no new stock during the year.
Balance Sheets
a. Construct Ballantine's statement of cash flows. Show supporting calculations and display the result as it would appear on a Statement of Cash Flows.
b. Calculate the following ratios for Ballantine.
Quick Ratio
ACP
Total Asset Turnover
Inventory Turnover (COGS)
TIE
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