Question: PLEASE HELP! Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1% Days sales outstanding: 36.5 days Inventory turnover
PLEASE HELP!
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1% Days sales outstanding: 36.5 days Inventory turnover ratio: 4x Fixed assets turnover: 2.5% Current ratio: 2.0x 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 $ 58,500 Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity 136,500 $390,000 Sales $ Cost of goods sold
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