Question: eBook Problem Walk Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 36.5 days
eBook Problem Walk Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 36.5 days Inventory tumover ratio: 5x Fixed assets turnover: 3.0x Current ratio: 2.5x Gross profit margin on sales: (Sales - cost of goods sold)/Sales = 20% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet $ Current liabilities Cash $ 60,000 Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity 84,000 $ $240,000 Sales $ Cost of goods sold $
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