Reference no: EM132652053

Question 1: Complete the balance sheet and sales information in the table that follows for Isberg Industries using the following financial data: Debt ratio: 50% Quick ratio: 0.80 Balance Sheet DuPont Analysis Total assets turnover: 1.5 Days sales outstanding: 36.0 days Gross profit margin on sales: (Sales Inventory turnover ratio: 5.0 Cost of goods sold)/Sales 25%

Balance Sheet
Accounts payable ________
Long-term debt $60,000
Common stock ___________
Retained earnings $97,500
Total liabilities and equity ______________
Cost of goods sold _______________

Cash _______________
Accounts receivable________________
Inventories__________________
Fixed assets_________________
Total assets _______________
Sales $300,000 ________________