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A 4 Complete the balance sheet and sales Information using the following finandal data: Total assets turnover: 1.3 Days sales outstanding: 36.5 days Inventory turnover
A 4 Complete the balance sheet and sales Information using the following finandal data: Total assets turnover: 1.3 Days sales outstanding: 36.5 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 = 25% 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 66,000 Inventories Common stock 82,500 Fixed assets Retained earnings $330,000 Total assets Total liabilities and equity $ Sales $ Cost of goods sold
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