Question: Ik through Complete the balance sheet and sales information using the following financial data: Total assets tumover: 1x Days sales outstanding: 36.5 days Inventory turnover
Ik through Complete the balance sheet and sales information using the following financial data: Total assets tumover: 1x Days sales outstanding: 36.5 days Inventory turnover ratio: 4x Fixed assets turnover: 10x Current ratio: 2.5% Gross profit margin on sales: (Sales Cost of goods sold)/Sales - 25% "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 Inventories Common stock Fixed assets Retained earnings Total assets $330.000 Total liabilities and equity Sales Cost of goods sold 49,500 99,000
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