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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 36.5 days Inventory turnover ratio:
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 36.5 days Inventory turnover ratio: 3.75x Fixed assets turnover: 3.0x Current ratio: 2.5x Gross profit margin on sales: (Sales Cost of goods sold)/Sales -25% "Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar Cash Accounts receivable Inventories Fixed assets Total assets Sales Balance Sheet Current liabilities) Long-term debt 45,000 Common stock Retained earnings 75,000 $300,000 Total liabilities and equity $ Cost of goods sold $
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