Complete the balance sheet and sales information using the following financial data, homework help

(CIPD Megatrends)
April 7, 2021
Discussion Board Nursing Theory
April 7, 2021

Complete the balance sheet and sales information using the following financial data, homework help

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

Total assets turnover: 1.5× Days sales outstanding: 36.5 daysa Inventory turnover ratio: 5× Fixed assets turnover: 3.0× Current ratio: 2.0× Gross profit margin on sales: (Sales − Cost of goods sold)/Sales = 25%

aCalculation is based on a 365-day year.

Balance Sheet

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=

 

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