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Complete problem: Balance Sheet Analysis Complete the balance sheet and sales information in the...

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Accounting

Complete problem: Balance Sheet Analysis
Complete the balance sheet and sales information in the table that follows for XYZ, Inc., using the following financial data:
Show your work.
Total assets turnover: 1.5
Gross profit margin on sales: (Sales Cost of goods sold)/Sales: 25%
Total liabilities-to-assets ratio: 40%
Quick ratio: 0.80
Days sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.75
Partial Income Statement Information
Sales ____________
Cost of goods sold ____________
Balance Sheet Information
Cash ____________ Accounts payable ____________
Accounts receivable ____________ Long term debt 50,000
Inventories ____________ Common stock ____________
Fixed assets ____________ Retained earnings 100,000
Total assets $400,000._ Total liabilities and equity ____________

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