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eBook Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2 Days sales outstanding: 36.5 days a Inventory turnover

eBook

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2 Days sales outstanding: 36.5 daysa Inventory turnover ratio: 4 Fixed assets turnover: 3.0 Current ratio: 2.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% aCalculation is based on a 365-day year.

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

Balance Sheet
Cash $ Current liabilities $
Accounts receivable Long-term debt 66,000
Inventories Common stock
Fixed assets Retained earnings 115,500
Total assets $330,000 Total liabilities and equity $
Sales $ Cost of goods sold $

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