You are an analyst reviewing Riyadh Industries; the following information is available about the company; Accounts receivable turnover.......... 26 Current Ratio................ Beginning accounts Receivable...$ 50,000 Return on end of year equity.. 25% $1,000,000 Sales (all on credit) Calculate cost of goods sold for the year. Noncurrent asset...... Total debt to equity ratio....... Expenses (excluding CGS).......... $350,000 Gross Profit margin ratio.... Days' sales in inventory.. 25 $ 300,000 .35% .36 Days