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Business · Accounting
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The following items appeared on the balance sheet of Company Kula Count Inc. that had net sales of $300,000 for the year. Find the three unknown items:

Accounts Receivables..............$25,000

Cash.........................................$5,000

Machinery.................................$400,000

Shareholder's Equity................$600,000

Inventory...................................$50,000

Prepaid Expenses....................$5,000

Unearned Income.....................$30,000

Accounts Payable.....................$10,000

Long Term Debt........................$500,000

Find:

Land? ($)

Operating or Working Capital? ($)

Days Receivable? (In days, assuming 300 working days per year) - (if you prefer, you can compute Receivables Turnover instead)  

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