How? Complete the balance sheet and income statement information using the following financial...
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Accounting
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Complete the balance sheet and income statement information using the following financial data: Total assets turnover: 2.5X Days sales outstanding: 38.5 days Inventory turnover: 12X Fixed assets turnover: 5.0X Current ratio: 2X Gross profit margin on sales: 25% Operating expense is 10% of Sales Times Interest Earned =15X Income tax rate is 25% Complete the balance sheet and income statement information using the following financial data: Total assets turnover: 2.5X Days sales outstanding: 38.5 days Inventory turnover: 12X Fixed assets turnover: 5.0X Current ratio: 2X Gross profit margin on sales: 25% Operating expense is 10% of Sales Times Interest Earned =15X Income tax rate is 25%
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