BALANCE SHEET ANALYSIS
Complete the balance
sheet and sales information using the following financial
data:
Total assets turnover: 1x
Days sales outstanding: 36 daysa
Inventory turnover ratio: 5x
Fixed assets turnover: 3x
Current ratio: 2.5x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
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 | 48,750 | ||
Inventories | Common stock | |||
Fixed assets | Retained earnings | 97,500 | ||
Total assets | $325,000 | Total liabilities and equity | $ | |
Sales | $ | Cost of goods sold | $ |
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total...
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