question archive The following information is provided in the 2011 annual report to shareholders of paris-perfume
The following information is provided in the 2011 annual report to shareholders of paris-perfume
Subject:Computer SciencePrice: Bought3
The following information is provided in the 2011 annual report to shareholders of paris-perfume.com:December 31, 2011 December 31, 2010Accounts receivable ??? $100 millionInventory $70 million $30 millionOther assets ??? $170 millionTotal assets ??? $300 millionTotal liabilities ??? $100 millionTotal stockholders equity ??? $200 millionFor the year ended Dec. 31, 2011Net sales ???Cost of goods sold ???Net income $40 millionReturn on assets 10%Receivables turnover 8.0Inventory turnover 12.0Asset turnover 2.5Return on stockholders equity 20%Profit margin on sales 4%Required: Compute the missing amount in the paris-perfume.com financial statement information, indicated by ??? in the table above.
