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Problem 4.22(Balance Sheet Analysis) eBook Complete the balance sheet and sales information using the...

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Accounting

Problem 4.22(Balance Sheet Analysis)
eBook
Complete the balance sheet and sales information using the following financial data:
Total assets turnover: 1.3x
Days sales outstanding: 36.5 days ?a
Inventory turnover ratio: 3.75x
Fixed assets turnover: 3.0x
Current ratio: 2.5x
Gross profit margin on sales: (Sales - Cost of goods sold)?? Sales =15%
?aCalculationisbasedona365-dayyear:
Do not round intermediate calculations. Round your answers to the nearest dollar.
Balance Sheet
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