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Question : Complete the balance sheet and sales information using the following : 6712

Complete the balance sheet and sales information using the following financial data:Total assets turnover: 1.3xDays sales outstanding: 40 daysaInventory turnover ratio: 4xFixed assets turnover: 3.5xCurrent ratio: 2.4xGross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15%

BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data Total assets turnover: 1.3x Days sales outstanding: 40 days Inventory turnover ratio: 4x Fixed assets turnover: 3.5x Current ratio: 2.4x Gross profit margin on sales: (Sales Cost of goods sold) Sales 15% Calculation 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 55,000 Inventories Common stock Fixed assets Retained earnings 82,500 Total assets $275,000 Total liabilities and equity Sales Cost of goods sold