Question: Constructing a balance sheet from ratios Compute the balance sheet and sales information for Advanced Integrated Manufacturing Corporation using the following financial data. Solve the

Constructing a balance sheet from ratios Compute the balance sheet and

sales information for Advanced Integrated Manufacturing Corporation using the following financial data.

Constructing a balance sheet from ratios Compute the balance sheet and sales information for Advanced Integrated Manufacturing Corporation using the following financial data. Solve the requirements in ANY ORDER. then, write down your answers from (1) to (9). . Debt ratio: 50% . Current ratio: 1.8x . Total assets turnover: 1.5x . Days sales outstanding (based on a 365-day year): 36.5 days . Gross profit margin on sales: 25% . Inventory turnover ratio: 5x Advanced Integrated Manufacturing Corporation Balance Sheet As of December 31, 20X1 Assets Liabilities & Equity. Cash (1 )_ Accounts payable (6) Receivables (2) Long-term debt 60,000 Inventories (3) Common stock (7) Fixed assets (4) Retained earnings 97,500 Total assets P 300,000 Total liabilities and equity (8) Sales (5) Cost of goods sold (9)

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