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BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using following financial data: 1. Total assets turnover: 1.5x 2. Days sales outstanding: 36.5 days*

image text in transcribed BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using following financial data: 1. Total assets turnover: 1.5x 2. Days sales outstanding: 36.5 days* 3. Inventory turnover ratio: 5x 4. Fixed assets turnover: 3.0x 5. Current ratio: 2.0x 6. Gross profit margin on sales: (Sales - Cost of goods sold) / Sales =25% [ Calculation is based on a 365 -day year.]

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