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
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.2×
Days sales outstanding: 36.5 daysa
Inventory turnover ratio: 5×
Fixed assets turnover: 2.5×
Current ratio: 2.0×
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 answers to the nearest dollar.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 36,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 60,000 | ||
| Total assets | $240,000 | 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: 1.4×
Days sales outstanding: 36.5 daysa
Inventory turnover ratio: 5×
Fixed assets turnover: 2.5×
Current ratio: 2.0×
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 answers to the nearest dollar.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 78,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 136,500 | ||
| Total assets | $390,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Accounting
4.13
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.3×
Days sales outstanding: 36.5 daysa
Inventory turnover ratio: 4×
Fixed assets turnover: 3.0×
Current ratio: 2.0×
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 answers to the nearest dollar.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 40,500 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 94,500 | ||
| Total assets | $270,000 | 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×
Days sales outstanding: 73.0 daysa
Inventory turnover ratio: 4×
Fixed assets turnover: 3.0×
Current ratio: 2.0×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
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 | 48,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 60,000 | ||
| Total assets | $240,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
|
Complete the balance sheet and sales information using the
following financial data:
|
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In: Finance
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.2x
Days sales outstanding: 31.5 daysa
Inventory turnover ratio: 5x
Fixed assets turnover: 2.5x
Current ratio: 2.1x
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 | 62,500 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 75,000 | ||
| Total assets | $250,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
4.13
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.2×
Days sales outstanding: 73.0 daysa
Inventory turnover ratio: 5×
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 | 42,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 63,000 | ||
| Total assets | $210,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
4.13
|
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