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11. Problem 4.22 (Balance Sheet Analysis) eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1%
11. Problem 4.22 (Balance Sheet Analysis) eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1% Days sales outstanding: 73.0 days Inventory turnover ratio: 4x Fixed assets turnover: 2.5x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods soldy/Sales - 20% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar Balance Sheet $ Current liabilities Cash $ 105,000 Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total Habilities and equity 126.000 $ $420,000 Sales Cost of goods sold
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