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IV. Complete the balance sheet and sales information presented below for Sean Dominic Co below mpany, using the following ratios Cash Accounts Receivable Inventories Accounts
IV. Complete the balance sheet and sales information presented below for Sean Dominic Co below mpany, using the following ratios Cash Accounts Receivable Inventories Accounts Payable Long-term debt 60,000 Total Liabilities Capital Stock Retained Earnings Total Current Assets Net Fixed Assets 97,500 Total Assets P 300,000 Total Liabilities and Stockholder's Equity Cost of Goods Sold Sales Financial data for 2017: 2. 3. 4. 5 6, 7. Total debts to total assets ratio was 50% Quick ratio was 0.80 Total asset turnover 1.5x There are 360 days in a year The average collection period was 36 days Gross profit margin was 25% Inventory turnover was 5x (use COGS instead of sales)
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