Question: I need help with this finance work. 7-. Complete the balance sheet and sales information in the table that follows for lsberg Industries using the

 I need help with this finance work. 7-". Complete the balance

I need help with this finance work.

sheet and sales information in the table that follows for lsberg Industries

7-". Complete the balance sheet and sales information in the table that follows for lsberg Industries using the following nancial data: Debt ratio: 50% Quick ratio: 0.80x Total assets turnover: 1.5x Days sales outstanding: 36.0 days Gross prot margin on sales: (Sales Cost of goods sold)/Sales : 25% Inventory turnover ratio: 5.0 x Balance Sheet Cash Accounts payable Accounts receivable Long-term debt $60,000 Inventories Common stock Fixed assets Retained earnings $97,500 Total assets $300,000 Total liabilities and equity Sales Cost of goods sold Balance Sheet 4

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