Question: answer quickly and correctly for thumbs up! Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.6x Days sales
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.6x Days sales outstanding: 36.5 days Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.0 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 dollar $ 31,500 Cash Accounts receivable Inventories Fixed assets Total assets Sales Balance Sheet Current liabilities Long-term debt Common stock Retained earnings $210,000 Total liabilities and equity Cost of goods sold 63,000 5 $
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