Balance sheet analysis, Balance Sheet Analysis Complete the

Balance sheet analysis

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Reference no: EM13985535

Balance Sheet Analysis Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 38 days a Inventory turnover ratio: 7x Fixed assets turnover: 2.5x Current ratio: 2.4x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% a Calculation is based on a 365-day year. Round your answer to the nearest cent. Balance Sheet Cash $ Current liabilities $ Accounts receivable $ 25767.1 Long-term debt 56,250 Inventories $ 35357.1 Common stock $ Fixed assets $ Retained earnings 56,250 Total assets $225,000 Total liabilities and equity $ 225000 Sales $ 247500 Cost of goods sold $

Reference no: EM13985535

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