Attempts $$ Keep the Highest $/9$

$13.$ Problem $4\mathrm{.}22$

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BALANCE SHEET ANALYSIS

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: $1\mathrm{.}8x$

Days sales outstanding: $36$ days ${?}^a$

Inventory turnover ratio: $7x$

Fixed assets turnover: $3\mathrm{.}5x$

Current ratio: $1\mathrm{.}5x$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=20\%$

${?}^a$ Calculation is based on a $365-$day year. Do not round intermediate calculations. Round your answer to the nearest cent.

Balance Sheet

$\backslash$table$[[\frac{?}{\text{b}\text{a}\text{r}}(Cash),$$$,,$Current liabilities,$$,],[$Accounts receivable,,,Long$-$term debt,,$56,250],[$Inventories$,,,$Common stock,,$],[$Fixed assets,,,Retained earnings,$\_,56,250],[$Total assets,,$$225,000,$Total liabilities and equity,$\frac{?}{\text{b}\text{a}\text{r}}($$$),],[$Sales$,\frac{?}{\text{b}\text{a}\text{r}}($$$),,$Cost of goods sold,$\frac{?}{\text{b}\text{a}\text{r}}($$$),]]$

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Attempts $$ Keep the Highest $/9$

$13.$ Problem $4\mathrm{.}22$

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:

Total assets turnover: $1\mathrm{.}8x$

Days sales outstanding: $36$ days ${?}^a$

Inventory turnover ratio: $7x$

Fixed assets turnover: $3\mathrm{.}5x$

Current ratio: $1\mathrm{.}5x$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=20\%$

${?}^a$ Calculation is based on a $365-$day year. Do not round intermediate calculations. Round your answer to the nearest cent.

Balance Sheet

$\backslash$table$[[\frac{?}{\text{b}\text{a}\text{r}}(Cash),$$$,,$Current liabilities,$$,],[$Accounts receivable,,,Long$-$term debt,,$56,250],[$Inventories$,,,$Common stock,,$],[$Fixed assets,,,Retained earnings,,$56,250],[$Total assets,,$$225,000,$Total liabilities and equity,$\frac{?}{\text{b}\text{a}\text{r}}($$$),],[$Sales$,$$$,,$Cost of goods sold,$$,]]$

Continue without saving