Complete the balance sheet and sales information using the following financial data: Total assets turnover:...
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Finance
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 33 daysa Inventory turnover ratio: 3x Fixed assets turnover: 3x Current ratio: 1.6x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet: Cash $ = ? Current liabilities $ = ? Accounts receivable = ? Long-term debt = 48,750 Inventories = ? Common stock = ? Fixed assets = ? Retained earnings= 81,250 Total assets= $325,000 Total liabilities and equity $ = ? Sales $ = ? Cost of goods sold $ = ?
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