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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 38.5 daysa Inventory turnover ratio: 7x
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 38.5 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 2.3x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 93,750 Inventories Common stock Fixed assets Retained earnings 93,750 Total assets $375,000 Total liabilities and equity $ Sales $ Cost of goods sold $ $ lla
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