Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales...

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Finance

Complete the balance sheet and sales information using thefollowing financial data:
Total assets turnover: 1.4x
Days sales outstanding: 37.5 days^a
Inventory turnover ratio: 4x
Fixed assets turnover: 3x
Current ratio: 2.1x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =25%
^aCalculation is based on a 365-day year. Do not roundintermediate calculations. Round your answer to the nearestcent.
Cash $    Current liabilities $
Accounts receivable    Long-term debt 30,000
Inventories    Common stock
Fixed assets    Retained earnings 60,000
Total assets $200,000 Total liabilities and equity $
Sales $    Cost of goods sold $

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1 Total assets turnover SalesTotal assets 14 Sales Total assets14 20000014 280000 2 Cost of goods sold COGS Gross margin 1 COGSSales COGS Sales1 Gross margin 280000125 210000 3 Fixed asset See Answer

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Complete the balance sheet and sales information using thefollowing financial data:Total assets turnover: 1.4xDays sales outstanding: 37.5 daysaInventory turnover ratio: 4xFixed assets turnover: 3xCurrent ratio: 2.1xGross profit margin on sales: (Sales - Cost of goods sold)/Sales =25%aCalculation is based on a 365-day year. Do not roundintermediate calculations. Round your answer to the nearestcent.Cash$ Current liabilities$ Accounts receivable Long-term debt30,000Inventories Common stock Fixed assets Retained earnings60,000Total assets$200,000Total liabilities and equity$ Sales$ Cost of goods sold$

Cash	$	Current liabilities	$
Accounts receivable		Long-term debt	30,000
Inventories		Common stock
Fixed assets		Retained earnings	60,000
Total assets	$200,000	Total liabilities and equity	$
Sales	$	Cost of goods sold	$