eBook
Complete the balance sheet and sales information using the following financial data:
Total assets turnover:
Days sales outstanding: days
Inventory turnover ratio:
Fixed assets turnover:
Current ratio:
Gross profit margin on sales: Sales Cost of goods soldSales
Calculation is based on a day year.
Do not round intermediate calculations. Round your answers to the nearest dollar.
Balance Sheet
tableCash$Current liabilities,$Accounts receivable,,,Longterm debt,,InventoriesCommon stock,,Fixed assets,,,Retained earnings,,Total assets,,$Total liabilities and equity,$Sales$Cost of goods sold,$