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Complete the balance sheet and sales information using the
following financial data: Do not round intermediate calculations. Round your answers to the nearest dollar.
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In: Finance
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.3x
Days sales outstanding: 31.5 daysa
Inventory turnover ratio: 7x
Fixed assets turnover: 3.5x
Current ratio: 2x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
35%
aCalculation is based on a 365-day year. Do not round
intermediate calculations. Round your answer to the nearest
cent.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 56,250 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 112,500 | ||
| Total assets | $375,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.1x
Days sales outstanding: 34.5 daysa
Inventory turnover ratio: 3x
Fixed assets turnover: 3x
Current ratio: 2.2x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
35%
aCalculation is based on a 365-day year. Do not round
intermediate calculations. Round your answer to the nearest
cent.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 80,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 100,000 | ||
| Total assets | $400,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1x
Days sales outstanding: 38 daysa
Inventory turnover ratio: 4x
Fixed assets turnover: 2.5x
Current ratio: 2x
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 answer to the nearest
cent.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 56,250 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 67,500 | ||
| Total assets | $225,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.3x
Days sales outstanding: 36 daysa
Inventory turnover ratio: 7x
Fixed assets turnover: 3.5x
Current ratio: 2.3x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
15%
aCalculation is based on a 365-day year. Do not round
intermediate calculations. Round your answer to the nearest
cent.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 45,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 90,000 | ||
| Total assets | $300,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1x
Days sales outstanding: 41 daysa
Inventory turnover ratio: 7x
Fixed assets turnover: 3x
Current ratio: 2.2x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
30%
aCalculation is based on a 365-day year. Do not round
intermediate calculations. Round your answer to the nearest
cent.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 56,250 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 67,500 | ||
| Total assets | $225,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
Complete the balance sheet and sales information using the following financial data:
Total assets turnover: 1.4x
Days sales outstanding: 33 daysa
Inventory turnover ratio: 4x
Fixed assets turnover: 3.5x
Current ratio: 1.6x
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 answer to the nearest
cent.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 33,750 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 56,250 | ||
| Total assets | $225,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Accounting
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 41.5 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2.3x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash $ Current liabilities $ Accounts receivable Long-term debt 41,250 Inventories Common stock Fixed assets Retained earnings 96,250 Total assets $275,000 Total liabilities and equity $ Sales $ Cost of goods sold $
In: Finance
Complete the balance sheet and sales information using the following financial data:
Total assets turnover: 1.4x
Days sales outstanding: 37.5 daysa
Inventory turnover ratio: 4x
Fixed assets turnover: 3x
Current ratio: 2.1x
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 answer to the nearest
cent.
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 30,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 60,000 | ||
| Total assets | $200,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ |
In: Finance
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.1x
Days sales outstanding: 33.5 daysa
Inventory turnover ratio: 7x
Fixed assets turnover: 3x
Current ratio: 1.9x
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 answer to the nearest
cent.
|
Cash |
$ |
Current liabilities |
$ |
|
|
Accounts receivable |
|
Long-term debt |
68,750 |
|
|
Inventories |
|
Common stock |
|
|
|
Fixed assets |
|
Retained earnings |
82,500 |
|
|
Total assets |
$275,000 |
Total liabilities and equity |
$ |
|
|
Sales |
$ |
Cost of goods sold |
$ |
In: Finance