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Debt ratio: 50% Quick ratio: 0.80x Total assets turnover: 1.5x Days sales outstanding: 36.0 days Gross profit margin on sales: (Sales Cost of goods sold)/Sales

Debt ratio: 50% Quick ratio: 0.80x Total assets turnover: 1.5x Days sales outstanding: 36.0 days Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 25% Inventory turnover ratio: 5.0x Balance Sheet: Cash Accounts payable Accounts receivable Long-term debt $ 60,000 Inventories Common stock Fixed assets Retained earnings $ 97,500 Total assets $300,000 Total liabilities and equity Sales Cost of goods sold

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