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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 3.75%
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 3.75% Fixed assets turnover: 2.5x Current ratio: 2.0X Gross profit margin on sales: (Sales - Cost of goods sold)/Sales aCalculation is based on a 365-day year. = 15% Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash Accounts receivable 36,000 Inventories Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold Fixed assets 60,000 Total assets $240,000 $ Sales $ $
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