72 154 67 37 7 360 5 175 43 0 3 E 35 15 BALANCE SHEET Use th

72 154 67 37 7% 360 -5% 175 43% 0% -3% E 35 15. BALANCE SHEET Use the report format with all headings and list accounts in proper order. 180 prepare Bell Computer\'s balance sheet at January 31, 20x5. Bell Computer Corporation Bell Computer Corporation reported these figures in its January 31,20x5 financial statements (in millions): $ 43 Other assets (long-term) . . S 7 304 Cash Total operating expenses Accounts payable Owners\' equity . Long-term liabilities . Inventory . . Cost of goods sold 589 Other current liabilities . 447 Property and equipment.... 208 652 Net sales revenue . .. 3,475 191 Other current assets . 596 538 91 2,737 Accumulated depreciation... 16. FINANCIAL RATIOS Refer to the Bell Computer situation shown above. Compute Bell\'s gross margin percentage One year earlier, at January 31, 20x4, Bell\'s turmover for 20x

Solution

Balance Sheet Assets Current Assets Cash 43 Accounts Receivable 538 Inventory 293 Other current assets 596 Total Current Assets 1470 Long term assets Property and equipment 208 less: accumulated depreciaiton 91 117 other assets (long term) 7 Total long term assets 124 Total assets 1,594 Liabilities Current liability Accounts payable 447 Other current liability 304 Total Current Liability 751 Long term liability 191 Total Liability 942 Owners equity: Owners equity 652 Total Owners equity 652 Total liability and owners equity 1594