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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1 Days sales outstanding: 73.0 daysa Inventory turnover ratio: 3.75x
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1 Days sales outstanding: 73.0 daysa Inventory turnover ratio: 3.75x Fixed assets turnover: 3.0x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Cash Accounts receivable Inventories Fixed assets Total assets Sales Balance Sheet $360,000 Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold 64 69 69 72,000 108,000
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