In: Finance
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1× Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4× Fixed assets turnover: 2.5× Current ratio: 2.0× Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash $ Current liabilities $ Accounts receivable Long-term debt 66,000 Inventories Common stock Fixed assets Retained earnings 99,000 Total assets $330,000 Total liabilities and equity $ Sales $ Cost of goods sold $