Question
Complete problem: Balance Sheet Analysis o Complete the balance sheet and sales information in the table that follows for XYZ, Inc., using the following financial
Complete problem: Balance Sheet Analysis
o Complete the balance sheet and sales information in the table that follows for XYZ, Inc., using the following financial data:
o Show your work.
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 ____________
Cost 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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