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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5x Days sales outstanding: 36 daysa Inventory turnover ratio: 6x
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5x Days sales outstanding: 36 daysa Inventory turnover ratio: 6x Fixed assets turnover: 3x Current ratio: 2.3x 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 answer to the nearest cent. Balance Sheet Cash $ $ Accounts receivable 41,250 Inventories Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold Fixed assets 82,500 Total assets $275,000 $ Sales $ $
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