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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 36.5 daysa Inventory turnover ratio: 4x
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 36.5 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.0 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% 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 66,000 Inventories Common stock Fixed assets 99,000 Retained earnings Total liabilities and equity Total assets $330,000 $ Sales $ Cost of goods sold $
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