Total assets turnover: 1.1x Days sales outstanding: 36.5 days Inventory turnover ratio: 3.75x Fixed assets turnover:...

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Total assets turnover: 1.1x Days sales outstanding: 36.5 days Inventory turnover ratio: 3.75x Fixed assets turnover: 2.5x Current ratio: 2.0x 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 answers to the nearest dollar. Balance Sheet Cash $ Accounts receivable Current liabilities Long-term debt $ 49,500 Inventories Fixed assets Common stock Retained earnings 115,500 Total assets $330,000 Total liabilities and equity $ Sales $ Cost of goods sold $ Check My Work (2 remaini Total assets turnover: 1.1x Days sales outstanding: 36.5 days Inventory turnover ratio: 3.75x Fixed assets turnover: 2.5x Current ratio: 2.0x 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 answers to the nearest dollar. Balance Sheet Cash $ Accounts receivable Current liabilities Long-term debt $ 49,500 Inventories Fixed assets Common stock Retained earnings 115,500 Total assets $330,000 Total liabilities and equity $ Sales $ Cost of goods sold $ Check My Work (2 remaini

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Total Asset Turnover ratio can be computed as Turnover Total Assets Substituting the values 11 Turno... View the full answer