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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 37.5 days Inventory turnover ratio: 6x
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 37.5 days Inventory turnover ratio: 6x Fixed assets turnover: 3x Current ratio: 2.1x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 35% *Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest cent. Balance Sheet Cash Current liabilities 94613 105556 Accounts receivable Long-term debt 87.500 39555 Inventories Common stock 64167 69444 Fixed assets Retained earnings 87,500 128333.33 $350,000 Total assets Total liabilities and equity 350000 Sales Cost of goods sold 385000 250250 Hide Feedback Partially Correct
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