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BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data Total assets turnover: 1.1x Days sales outstanding: 30.5 daysa Inventory
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data Total assets turnover: 1.1x Days sales outstanding: 30.5 daysa Inventory turnover ratio: 4x Fixed assets turnover: 2.5x Current ratio: 1.6x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales-15% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Long-term debt Common stock Accounts receivable 75,000 Inventories Fixed assets Retained earnings Total liabilities and equity Cost of goods sold 90,000 Total assets $300,000 Sales
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