Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Complete the balance sheet and sales information using the following financial data: Total...

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 32 daysa Inventory turnover ratio: 7x Fixed assets turnover

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 32 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2.4x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash $ Current liabilities $ Accounts receivable Long-term debt 45,000 Inventories Common stock Fixed assets 67,500 Retained earnings Total liabilities and equity Total assets $225,000 Sales Cost of goods sold $

Apr 22 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions