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B eBook Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 36.5 days Inventory
B eBook Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 36.5 days Inventory turnover ratio: 4.25x Fixed assets turnover: 2.5x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Cash Accounts receivable Inventories Fixed assets Total assets Sales 5 Balance Sheet Current liabilities Long-term debt Common stock 45,000 Retained earnings 105,000 $300,000 Total liabilities and equity $ Cost of goods sold
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