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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1% Days sales outstanding: 36.5 daysa Inventory turnover ratio: 5x
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1% Days sales outstanding: 36.5 daysa Inventory turnover ratio: 5x Fixed assets turnover: 3.0x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% acalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash $ Current liabilities Accounts receivable Long-term debt Inventories Common stock Fixed assets Retained earnings Total assets $240,000 Total liabilities and equity Sales $ Cost of goods sold
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