XYZ, Inc. reported $20 million in operating current assets, $25 million in net fixed assets, and $6

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XYZ, Inc. reported $20 million in operating current assets, $25 million in net fixed assets, and $6 million in operating current liabilities. What are the inventories and fixed assets for XYZ, Inc., using the following financial data:

Total assets turnover: 1.5

Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25%

Total liabilities-to-assets ratio: 40%

Quick ratio: 0.80

Days sales outstanding (based on 365-day year): 36.5 days

Inventory turnover ratio: 3.75

Sales = $600,000

Cost of Good Sold = $450,000

Related Book For answer-question

Corporate Finance A Focused Approach

ISBN: 978-1337909747

7th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: May 11, 2024 06:56 AM

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XYZ, Inc. reported $20 million in operating current assets, $25 million in net fixed assets, and $6

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Corporate Finance A Focused Approach

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