Complete problem:

Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for XYZ, Inc., using the following financial data: Show your work IN DETAIL.

Please note that total assets = $40,0000 - NOT $400,000

Total assets turnover: 1.5

Gross profit margin on sales: (Sales - Cost of goods sold)/Sales: 25%

Total liabilities-to-assets ratio: 40%

Quick ratio: 0.80

Days sales outstanding (based on 365-day year): 36.5 days

Inventory turnover ratio: 3.75

Partial Income Statement Information

Sales: ____________

Cost of goods sold: ____________

Balance Sheet Information

Cash: ____________

Accounts payable: ____________

Accounts receivable: ____________

Long term debt: 50,000

Inventories: ____________

Common stock: ____________

Fixed assets: ____________

Retained earnings: 100,000

Total assets: $40,000

Total liabilities and equity: ____________