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Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for XYZ, Inc., using the following financial data: Total assets
Balance Sheet Analysis
- Complete the balance sheet and sales information in the table that follows for XYZ, Inc., using the following financial data:
Total assets turnover: 1.5 Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 40% Quick ratio: 0.80 Days sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.75
Partial Income Statement Information
Sales__________ | ||||
Costs of goods sold ___________ |
Balance Sheet Information
Cash | Accounts payable | ||||||
Accounts receivable | Long-term debt | 50,000 | |||||
Inventories | Common Stock | ||||||
Fixed Assets | Retained earnings | 100,000 | |||||
Total Assets | $400,000 | Total liabilities and equity | |||||
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