Question

(Balance Sheet Analysis

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: 1.3×
Days sales outstanding: 36.5 daysa 
Inventory turnover ratio: 5×
Fixed assets turnover: 3.0×
Current ratio: 2.5×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35%
aCalculation is based on a 365-day year. 

Do not round intermediate calculations. Round your answers to the nearest dollar.

Snip20200916_1.png


0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
(Balance Sheet Analysis
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3×...

    Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3× Days sales outstanding: 36.5 daysa Inventory turnover ratio: 4× Fixed assets turnover: 2.5× Current ratio: 2.0× Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash $    Current liabilities $    Accounts receivable     Long-term debt 72,000 Inventories     Common...

  • Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2×...

    Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2× Days sales outstanding: 36.5 daysa Inventory turnover ratio: 5× Fixed assets turnover: 3.0× Current ratio: 2.0× 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 answers to the nearest dollar. Balance Sheet Cash Current liabilities Accounts receivable    Long-term debt 67,500 Inventories    Common stock   ...

  • Ch 04: End-of-Chapter Problems - Analysis of Financial Statements Complete the balance sheet and sales information...

    Ch 04: End-of-Chapter Problems - Analysis of Financial Statements Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 36.5 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3x Current ratio: 2x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% 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...

  • BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total...

    BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 42 daysa Inventory turnover ratio: 7x Fixed assets turnover: 2.5x Current ratio: 1.8x 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 ANALYSIS Complete the balance sheet and sales information using the following...

  • 4.22 Complete the balance sheet and sales information using the following financial data: Total assets turnover:...

    4.22 Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1× Days sales outstanding: 73.0 daysa Inventory turnover ratio: 5× Fixed assets turnover: 2.5× Current ratio: 2.0× 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 answers to the nearest dollar. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 45,000 Inventories Common stock Fixed assets...

  • BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total...

    BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 42.5 daysa Inventory turnover ratio: 3x Fixed assets turnover: 3x Current ratio: 2.3x 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 65,000 Common stock Inventories...

  • BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total...

    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...

  • BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total...

    BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5x Days sales outstanding: 33.5 daysa Inventory turnover ratio: 5x Fixed assets turnover: 3x 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 52,500 Inventories   ...

  • BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total...

    BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 43 daysa Inventory turnover ratio: 4x Fixed assets turnover: 2.5x Current ratio: 1.8x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% 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 80,000...

  • BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total...

    BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 33 daysa Inventory turnover ratio: 5x Fixed assets turnover: 3x Current ratio: 2x 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 87,500...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT