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: 1.8x Days sales outstanding: 43 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2.3x 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
62,500
Inventories
Common stock
Fixed assets
Retained earnings
75,000
Total assets
$250,000
Total liabilities and equity
$
Sales
$
Cost of goods sold
$
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