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Complete the balance sheet and sales information using the following financial data: Complete the balance sheet and sales information using the following financial data: Total
Complete the balance sheet and sales information using the following financial data:
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 36.5 daysa Inventory turnover ratio: 3.75x Fixed assets turnover: 2.5x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% acalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets Sales O 35100 93600 O $270,000 Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold 54,000 67,500 280800
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