Complete the balance sheet and sales information using the following financial data:
Total assets turnover: 1.5x
Days sales outstanding: 36.5 days
Inventory turnover ratio: 5x
Fixed assets turnover: 3.0x
Current ratio: 2.0x
Gross profit margin on sales: Sales Cost of goods sold Sales 25%
Balance Sheet (fill in ?)
Cash?
Accounts Receivable?
Inventories?
Fixed Assets?
Total Assets = $300,000
Sales?
Current Liabilities?
Long Term Debt = $60,000
Common Stock?
Retained Earnings = $97,500
Total Liabilities and Equity?
Cost of Goods Sold?