Balance sheet and sales information using financial data

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Reference no: EM131444569

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 42 daysa Inventory turnover ratio: 4x Fixed assets turnover: 2.5x Current ratio: 1.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% a Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent.

Cash $_______

Accounts Receivable _________

Inventories _________

Fixed Assets 169,000

Total Assets $325,500

Sales $422,500

Current Liabilities $104,000

Long-term Debt 81,250

Common Stock 26,000

Retained Earnings 113,750

Total Liabilities and equity $325,000

Cost of goods sold $274625

Reference no: EM131444569

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