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 | ||
Inventories | Common stock | |||
Fixed assets | Retained earnings | 105,000 | ||
Total assets | $350,000 | 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...
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 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 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...
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: 3.5x Current ratio: 2.3x 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 Long-term debt 87,500 Inventories Common...
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 assets turnover: 1.2x Days sales outstanding: 35.5 daysa Inventory turnover ratio: 5x Fixed assets turnover: 3x Current ratio: 1.8x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales-2596 Calculation is based on a 365-day year. Round your answer to the nearest cent. Balance Sheet Cash Accounts receivable Inventories Fixed assets Current liabilities $ Long-term debt 33,750 Common stock Retained earnings Total liabilities and equity...
BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 32 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 2x Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 30% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash $ Current liabilities 81,250 Accounts receivable Long-term debt Common stock Inventories...
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...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 40 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3x Current ratio: 1.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% 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 $55,000 inventories common stock fixed assets retained...
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 40.5 days Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 2.4x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales-1596 Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities...