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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4.25x
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4.25x Fixed assets turnover: 3.0x Current ratio: 2.0 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% a 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 Accounts receivable Long-term debt 36,000 Inventories Common stock Fixed assets 84,000 Total assets $240,000 Retained earnings Total liabilities and equity Cost of goods sold $ Sales $ $
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