Consider Fisher & Company’s annual financial data as follows. Fill in the blanks by calculating the appropriate accounting entries in the balance or the income statement. Assume a 365 days per year. (a) Find Fisher’s accounts receivable. The Fisher’s accounts receivable amount is $ million. (Round to two decimal places.) (b) Calculate the amount of current assets. The amount of current assets is $ million. (Round to two decimal places.) (c) Determine the amount of current liabilities. The amount of current liabilities is $ million. (Round to two decimal places.) (d) Determine the amount of total assets. The amount of total assets is $ million. (Round to two decimal places.) (e) Calculate the amount of the long-term debt. The amount of the long-term debt is $ million. (Round to two decimal places.) (f) Calculate the profit margin. The profit margin is %. (Round to two decimal places.) (g) Calculate the Return on Common Equity.
