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a) Complete balance sheet and sales information from follows Debt/Total Assets 0.50; Acid test ratio...

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Finance

a) Complete balance sheet and sales information from follows Debt/Total Assets 0.50; Acid test ratio 0.8; Total Asset turnover 1.5; Receivable Turnover 10 Times ; Gross profit margin 25% and inventory turnover days 72 . Days in year 360 Cash Receivables Inventories Net Fixed Assets $ ? ? ? ? $300000 Payables Long term debt Common Stock Retained earnings $ ? 120000 ? 97500 ? Sales ? CGS ?

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