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Complete the following balance sheet using the given information: Debt ratio =50%. Total assets turnover = 1.5, current ratio =1.8, DSO = 36.5 days, gross
Complete the following balance sheet using the given information: Debt ratio =50%. Total assets turnover = 1.5, current ratio =1.8, DSO = 36.5 days, gross profit margin on sales [(sales - cost of goods sold)/sales] = 25%, Inventory turnover ratio = 5. ASSETS (S) Cash Accounts Receivable Inventories Fixed Assets Total Assets 300,000 Sales LIABILITIES & EQUITY Accounts Payable Long Term Debt Common Stock Retained Earnings Total Liabilities & Equity Cost of Goods Sold
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