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5. Problem 4.22 (Balance Sheet Analysis) eBook Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales
5. Problem 4.22 (Balance Sheet Analysis) eBook Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 73.0 days Inventory turnover ratio: 3.75x Fixed assets turnover: 2.5x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash $ Current liabilities Accounts receivable Long-term debt Inventories Common stock Fixed assets Retained earnings Total assets Total liabilities and equity Sales Cost of goods sold $360,000 69 69 72,000 126,000
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