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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 43 daysa Inventory turnover ratio: 4x
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 43 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.5x Current ratio: 1.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales 30% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable 100,000 Inventories Fixed assets Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold 120,000 Total assets $400,000 #t Sales ta $ $
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