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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 daysa 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 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% 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 $ +A Balance Sheet Current liabilities Long-term debt 105,000 Common stock Retained earnings 105,000 $420,000 Total liabilities and equity $ Cost of goods sold $
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