Complete the balance sheet and sales information that follows using the following financial data: Quick...
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Accounting
Complete the balance sheet and sales information that follows using the following financial data:
Quick Ratio: .75x
Debt Ratio: 60%
Total Assets Turnover: 2.5x
Days Sales Outstanding (365 Day Basis): 18.25 days
Gross Profit Margin on Sales 30%
Inventory Turnover Ratio: 5.0x
Fixed Asset Turnover 5.0x
Assets: Cash A/R Inventory
Fixed Assets Total Assets
Liabilities & Stockholder's Equity:
A/P Long Term Debt Common Stock R/E: 55,500 Total Liabilities and Equity: 800,000 Sales Revenue Cost of Goods Sold
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