Please Help! Will up Vote! Complete the balance sheet and...
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Finance
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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4x Fixed assets turnover: 2.5x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% a calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash $ Current liabilities Accounts receivable Long-term debt 48,000 Inventories Common stock Fixed assets Retained earnings 60,000 Total assets $240,000 Total liabilities and equity $ Sales Cost of goods sold 11
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