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eBook Complete the balance sheet and sales information using the following financial data: Total...

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Accounting

eBook
Complete the balance sheet and sales information using the following financial data:
Total assets turnover: 1
Days sales outstanding: 36.5 days ?a
Inventory turnover ratio: 3.75
Fixed assets turnover: 2.5x
Current ratio: 2.0x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =30%
?a Calculation is based on a 365-day year.
Do not round intermediate calculations. Round your answers to the nearest dollar.
Balance Sheet
\table[[Cash,$,,Current liabilities,$,],[Accounts receivable,,,Long-term debt,,82,500],[Inventories,,,Common stock,,],[Fixed assets,,,Retained earnings,,82,500],[Total assets,,$330,000,Total liabilities and equity,$,],[Sales,$,,Cost of goods sold,$,]]
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