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Sales $ 2,000,000 Gross profit margin 20% Inventory turnover ratio (Cost of goods sold/Inventory) 25 Net profit margin 4% Average collection period 45 Return on

Sales

$ 2,000,000

Gross profit margin

20%

Inventory turnover ratio (Cost of goods sold/Inventory)

25

Net profit margin

4%

Average collection period

45

Return on equity

25%

Accumulated depreciation

$ 75,000

Return on assets

12.5%

Accounts payable days

18

Notes payable

$ 18,000

Gross fixed assets

$ 400,000

Percent of sales on credit (remainder are cash sales)

80%

NOTE: Assume a 360 day year for all ratios, etc.

Cash = ____________.

Long-term debt = ____________.

Total assets =____________.

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