Transcribed Image Text
Complete the balance sheet and sales information using thefollowing financial data:Total assets turnover: 1.1xDays sales outstanding: 33.5 daysaInventory turnover ratio: 7xFixed assets turnover: 3xCurrent ratio: 1.9xGross 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 debt68,750Inventories Common stock Fixed assets Retained earnings82,500Total assets$275,000Total liabilities and equity$ Sales$ Cost of goods sold$
Other questions asked by students
Mechanical Engineering
Q
why does the balanced scorecard include financial performance measures as well as measures of how...
Accounting
Accounting
Accounting
Accounting