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1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120.000 Common stock

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1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120.000 Common stock Inventories Total assets $600.000 195.000 Retained earnings Total liabilities and equity Cost of good sold Sales 40%sales Current ratio: 2.0 X Fixed assets turnover: 3.0 x Inventory turnover: 3.0 x Days sales outstanding: 36.5 days Total assets turnover: 1.5 X

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