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Inventory turnover use cost of goods sold Round answers to nearest $1000 Please tell me

Inventory turnover use cost of goods sold Round answers to nearest $1000 Please tell me

Inventory turnover use cost of goods sold

Round answers to nearest $1000

Please tell me what numbers are what

Complete the balance sheet (fill in the blanks) for pas Industries, Inc. using the following financial data:

Sales (all credit)                                        $38,400

Current ratio                                              2.0x

Days Sales Outstanding (DSO)             46.88 days

Inventory turnover                                 19.2x

Total asset turnover                                1.2x

Fixed asset turnover                               1.92x

Debt ratio                                                    37.5%

Return on total assets                            9.6%

Return on equity                                      15.36%

Profit margin                                              8.0%

Pas Industries, Inc. Balance Sheet

                                                        Assets                                                                                   Liabilities

Cash                                                                              Accounts payable                                                           

Accounts receivable                                                Notes payable                                   $3,000                 

Inventory                                                                    Total current liabilities                                                  

Total current assets                                                Long-term debt (at 8%)                                                

Fixed assets                                                                Common stock                                                                

                                                                                        Retained earnings $10,000  

Total assets                                                                        Total Liabilities and equity    

Abhinav 04-Dec-2019

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