Question: B eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 36.5 days.
B eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 36.5 days." Inventory turnover ratio: 4x Fixed assets turnover: 3.0x 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 Inventories 97,500 Fixed assets Long-term debt Common stock Retained earnings Total liabilities and equity 136,500 Total assets $390,000 Sales $ Cost of goods sold
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