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22 BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5 Days sales outstanding: 36.5 days

image text in transcribed 22 BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5 Days sales outstanding: 36.5 days a Inventory turnover ratio: 3.75 Fixed assets turnover: 3.0 Current ratio: 2.0 Gross profit margin on sales: (Sales - Cost of goods sold) / Sales =25% a Calculation is based on a 365-day year

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