Question: 11. Problem 4.22 (Balance Sheet Analysis) eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x

 11. Problem 4.22 (Balance Sheet Analysis) eBook Problem Walk-Through Complete the

11. Problem 4.22 (Balance Sheet Analysis) eBook Problem Walk-Through 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: 5x Fixed assets turnover: 2.5x Current ratio: 2.0x 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 answers to the nearest dollar. Balance Sheet Cash $ Current liabilities $ 42,000 Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity 52,500 $210,000 $ Sales $ Cost of goods sold $

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