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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 73.0 days Inventory turnover ratio:
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 73.0 days Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% "Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash Current liabilities $ -4400 $ Accounts receivable 62400 Long-term debt 60,000 Inventories Common stock 78000 Fixed assets 104000 Retained earnings 72,000 Total assets $240,000 Total liabilities and equity $ Sales $ 312,000 Cost of goods sold $ Hide Feedback Partially Correct
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