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Total assets turnover: 1.2x Days sales outstanding: 31 days Inventory turnover ratio: 3x Fixed assets turnover: 2.5x Current ratio: 2.1% Gross profit margin on sales:

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Total assets turnover: 1.2x Days sales outstanding: 31 days Inventory turnover ratio: 3x Fixed assets turnover: 2.5x Current ratio: 2.1% Gross profit margin on sales: (Sales - Cost of goods sold/Sales 15% Calculation is based on a 365 day year. Do not round Intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 30,000 Inventories Common stock Fixed assets Retained earnings 70,000 Total assets $200,000 Total abilities and equity Sales Cost of goods sold BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 31 days." Inventory turnover ratio: 3x Fixed assets turnover: 2.5x Current ratio: 2.1x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% "Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current abilities Accounts receivable Long-term debt 30,000 Inventories Common stock Fixed assets Retained earnings 70.000

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