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Complete the balance sheet and sales information that follows using the following financial data: Quick Ratio: .75x Debt Ratio: 60% Total Assets Turnover: 2.5x Days

Complete the balance sheet and sales information that follows using the following financial data:

Quick Ratio: .75x

Debt Ratio: 60%

Total Assets Turnover: 2.5x

Days Sales Outstanding (365 Day Basis): 18.25 days

Gross Profit Margin on Sales 30%

Inventory Turnover Ratio: 5.0x

Fixed Asset Turnover 5.0x

Assets: Cash A/R Inventory

Fixed Assets Total Assets

Liabilities & Stockholder's Equity:

A/P Long Term Debt Common Stock R/E: 55,500 Total Liabilities and Equity: 800,000 Sales Revenue Cost of Goods Sold

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