Question: 5. Problem 4.22 (Balance Sheet Analysis) eBook Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales

 5. Problem 4.22 (Balance Sheet Analysis) eBook Complete the balance sheet

5. Problem 4.22 (Balance Sheet Analysis) eBook Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x 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 = 20% 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 Accounts receivable Long-term debt Inventories Common stock Fixed assets Retained earnings Total assets Total liabilities and equity Sales Cost of goods sold $360,000 69 69 72,000 126,000

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