Question: 7. Problem 4.22 (Balance Sheet Analysis) Complete the balance sheet and sales information using the following financial data: Total assets tumover: 1.4 Days sales outstanding:
7. Problem 4.22 (Balance Sheet Analysis) Complete the balance sheet and sales information using the following financial data: Total assets tumover: 1.4 Days sales outstanding: 36.5 days Inventory turnover ratio: 4 Fixed assets turnover: 3.0x Current ratio: 2.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =25% 2 Calculation is based on a 365 -day year. Do not round intermediate calculations. Round your answers to the nearest dollar
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