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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 35.5 daysa Inventory turnover ratio: 6x
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 35.5 daysa Inventory turnover ratio: 6x Fixed assets turnover: 3x Current ratio: 2.1x 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 answer to the nearest cent. Balance Sheet Cash Current liabilities 68,750 Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity 68,750 S $275,000 Sales S Cost of goods sold S
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