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Work must be shown Total assets turnover: 1.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 40%

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Work must be shown
Total assets turnover: 1.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 40% Quick ratio: 0.80 Days sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.75 Partial Incomo Statement Information Sales Cost of goods sold Balance Sheet Cash Accounts payable Accounts receivable Long-term debt Inventories Common stock Fixed assets Retained earnings Total assets $400,000 Total liabilities and equity 50,000 100.000

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