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ME

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Complete the following balance sheet and sales information for ABC industries using the financial data provided (Hint: Use COGS to compute inventory turnover). Please show all work to receive credit. .75x 60% 2.5x Quick Ratio: Debt Ratio: Total Assets Turnover: Days Sales Outstanding (365 Day Basis): Gross Profit Margin on Sales Inventory Turnover Ratio: Fixed Asset Turnover 18.25 days 30% 5.0x 5.0x Assets Liabilities & Stockholder's Equity Cash Accounts Receivable Inventories Fixed Assets Total Assets Accounts Payable Long Term Debt Common Stock Retained Earnings Total Liabilities and Equity 55,500 $800,000 Sales Revenue Cost of Goods Sold