Question: 17. 0 18 19 c a 20 . eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: 21 22

 17. 0 18 19 c a 20 . eBook Problem Walk-Through

17. 0 18 19 c a 20 . eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: 21 22 23 Total assets turnover: 1.3% Days sales outstanding: 36.5 days Inventory turnover ratio: 3.75X Fixed assets turnover: 3.0x Current ratio: 20% 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 abilities Accounts receivable Long-term debt Inventories Common stock Fixed assets Retained earnings Total assets $300,000 Total abilities and equity Sales Cost of goods sold 60,000 75,000 s $

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