Complete the balance sheet and sales information using the, Financial Management

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Complete the balance sheet and sales information using the

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: 1.5 x

Days sales outstanding:36.5 days

Inventory turnover: 3.0x

Current ratio: 2.0x

Gross profit margin on sales (Sales- Cost of goods sold)/Sales=25%

Calculation is based on a 365-day year

On the balance sheet we see that we have Totl assets $300,000..Long term debt 60,000 and Retained earnings 97,500

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