Question
Total assets turnover: 1.2x Days sales outstanding: 41.5 daysa Inventory turnover ratio: 3x Fixed assets turnover: 3.5x Current ratio: 2.5x Gross profit margin on sales:
Total assets turnover: 1.2x Days sales outstanding: 41.5 daysa Inventory turnover ratio: 3x Fixed assets turnover: 3.5x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% aCalculation 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 45,000
Inventories Common stock
Fixed assets Retained earnings 78,750
Total assets $225,000
Total liabilities and equity $
Sales $
Cost of goods sold $
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