Question: Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.9x Days sales outstanding: 34.5 daysa Inventory turnover ratio: 7x

 Complete the balance sheet and sales information using the following financial

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.9x Days sales outstanding: 34.5 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2.2x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales 30% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Current liabilities Cash Accounts receivable 45,000 Inventories Long-term debt Common stock Retained earnings Total liabilities and equity Fixed assets 105,000 Total assets $300,000 $ Sales Cost of goods sold Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.9x Days sales outstanding: 34.5 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2.2x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales 30% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Current liabilities Cash Accounts receivable 45,000 Inventories Long-term debt Common stock Retained earnings Total liabilities and equity Fixed assets 105,000 Total assets $300,000 $ Sales Cost of goods sold

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