eBook

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: $1$

Days sales outstanding: $73\mathrm{.}0$ days ${?}^a$

Inventory turnover ratio: $4\mathrm{.}25$

Fixed assets turnover: $3\mathrm{.}0x$

Current ratio: $2\mathrm{.}0$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=15\%$

${?}^a$ Calculation is based on a $365-$day year.

Do not round intermediate calculations. Round your answers to the nearest dollar.

Balance SheeteBook

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: $1$

Days sales outstanding: $73\mathrm{.}0$ days ${?}^a$

Inventory turnover ratio: $4\mathrm{.}25$

Fixed assets turnover: $3\mathrm{.}0x$

Current ratio: $2\mathrm{.}0$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=15\%$

${?}^a$ Calculation is based on a $365-$day year.

Do not round intermediate calculations. Round your answers to the nearest dollar.

Balance Sheet