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eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 73.0 daysa Inventory
eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash $ $ Accounts receivable 49,500 Inventories Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold Fixed assets 99,000 Total assets $330,000 $ Sales $
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