Complete the balance sheet and sales information using the following financial data, homework help
Complete the balance sheet and sales information using the following financial data, homework help.
Complete the balance sheet and sales information using the following financial data:
Total assets turnover: 1.5× Days sales outstanding: 36.5 daysa Inventory turnover ratio: 5× Fixed assets turnover: 3.0× Current ratio: 2.0× Gross profit margin on sales: (Sales − Cost of goods sold)/Sales = 25%
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Balance Sheet
Cash=
Accounts receivable =
Inventories=
Fixed assets =
Total assets = $300,000
Sales =
Current liabilities =
Long-term debt = 60,000
Common stock=
Retained earnings 97,500
Total liabilities and equity=
Cost of goods sold=
Complete the balance sheet and sales information using the following financial data, homework help
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