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Fill in the balance sheet based on the information below. Round all numbers to the nearest whole dollar. Debt Ratio = 50% Total Asset turnover
Fill in the balance sheet based on the information below. Round all numbers to the nearest whole dollar.
Debt Ratio = 50%
Total Asset turnover = 1.5 times
Current ratio = 1.8 times
Gross profit margin on sales (Sales-COGS)/Sales = 25%
Receivable turnover = 10
Inventory turnover = 5 times
ASSETS LIABILITIES Cash Accounts Payable Total Current Liabilities Accounts Receivable Long-Term Debt $60,000 Inventory Total Debt Total Current Assets STOCKHOLDERS' EQUITY Net Fixed Assets Stockholders' Equity Total Claims Total Assets $300,000 Cost of Goods Sold Sales
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