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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5x Days sales outstanding: 36.5 days Inventory turnover ratio: 5x

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: 1.5x

Days sales outstanding: 36.5 days

Inventory turnover ratio: 5x

Fixed assets turnover: 3.0x

Current ratio: 2.0x

Gross profit margin on sales: Sales Cost of goods sold Sales 25%

Balance Sheet (fill in ?)

Cash?

Accounts Receivable?

Inventories?

Fixed Assets?

Total Assets = $300,000

Sales?

Current Liabilities?

Long Term Debt = $60,000

Common Stock?

Retained Earnings = $97,500

Total Liabilities and Equity?

Cost of Goods Sold?

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