Balance Sheet

Cole Eagan Enterprises

December $31,2022$

Information $(2022$ values$)$

Sales totaled $$110,000$

The gross profit margin was $25$ percent.

Inventory turnover was $3\mathrm{.}0.$

There are $360$ days in the year.

The average collection period was $65$ days.

The current ratio was $2\mathrm{.}40.$

The total asset turnover was $1\mathrm{.}13.$

The debt ratio was $53\mathrm{.}8$ percent.

Net fixed assets for CEE in $2022$ were

$($See Table $3\mathrm{.}1)$