Question
Complete the end-of-year balance sheet and income statement using the following financial data. Calculate the ratio of Cost of Goods Sold over Inventory Enter your
Complete the end-of-year balance sheet and income statement using the following financial data. Calculate the ratio of "Cost of Goods Sold" over "Inventory" Enter your answer as a positive answer, even if the ratio is negative. Truncate your answer to two decimal places. For example, if your answer is 22.456, enter "22.45" 1.5x Current ratio Quick (Acid Test) Ratio Return on Assets Days Sales Outstanding (360-day year) Total Asset Turnover Interest rate on long-term debt 1.25x 9.5% 36 days 1.5x 5.0% 2023 -$275,000.00 Income Statement Sales Cost of Goods Sold Operating Expenses EBIT Interest Expense EBT Taxes (40 %) Net Income -$50,000.00 20232023 $ 200,000.00 Balance Sheet Cash Accounts Receivable Inventory Current Assets Fixes Assets Total Assets Accounts Payable Accrued Wages Long- term Debt Total Liabilities Stockholder's Equity Total Liabilities & Equity $1,500,000.00 $3,000,000.00
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