Question: 3. B eBook Problem Walk-Through Complete the balance sheet and sales Information using the following financial data: 4. S. 6. 7. 8. 9. a 10.
3. B eBook Problem Walk-Through Complete the balance sheet and sales Information using the following financial data: 4. S. 6. 7. 8. 9. a 10. Total assets turnover: 1x Days sales outstanding: 73.0 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 - 35% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dolar. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt Inventories Common stock Fixed assets Retained earnings Total assets $360,000 Total liabilities and equity 11. $ 72,000 90,000 Cost of goods sold Sales
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