Attempts 4 13. Problem 4.22 Click here to read the eBook: Ratio Analysis Click here to read the eBook: Liquidity Ratios Click here to read the eBook: Asset Management Ratios Click here to read the eBook: Profitability Ratios BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Keep the Highest 4/9 Problem Walk-Through Total assets turnover: 1.1x Days sales outstanding: 37 daysa Inventory turnover ratio: 4x Cash Fixed assets turnover: 2.5x Current ratio: 1.5x Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 15% "Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Accounts receivable Inventories Fixed assets Total assets Sales Balance Sheet $ $200,000 $ Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold $ 30,000 60,000 $ $

Attempt Keep the Highest 4/9 13. Problem 4.22 Click here to read the eBook: Ratio Analysis ck here to read the eBook: Uquidity Ratios ck here to read the eBook: Asset Management Ratios Click here to read the eBook: Profitability Ratios BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 37 days" Inventory turnover ratio: 4x Fixed assets turnover: 2.5x Current ratio: 1.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =15% a Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent