Question: eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 36.5 days Inventory

 eBook Problem Walk-Through Complete the balance sheet and sales information using

eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 36.5 days Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 30% 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 73,500 Total assets $210,000 Total liabilities and equity $ Sales $ Cost of goods sold $ Check My Work (3 rema

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