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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1 Days sales outstanding: 36.5 daysa Inventory turnover ratio:
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1 Days sales outstanding: 36.5 daysa Inventory turnover ratio: 3.75 Fixed assets turnover: 3.0x Current ratio: 2.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales 15% 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 HA Balance Sheet Current liabilities Long-term debt Common stock Retained earnings $390,000 Total liabilities and equity Cost of goods sold +A A $ 58,500 136,500
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