Question: Check My Work (3 remaining) eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days

 Check My Work (3 remaining) eBook Problem Walk-Through Complete the balance

Check My Work (3 remaining) eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 36.5 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.5x 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. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 31,500 Inventories Common stock Fixed assets Retained earnings 63,000 Total assets $210,000 Total liabilities and equity Sales Cost of goods sold Check My Work (3 remaining)

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