Debt ratio: 55… Show more Complete the balance sheet and s

Assignment Help Finance Debt ratio: 55… Show more Complete the balance sheet and s

Finance

Debt ratio: 55… Show more Complete the balance sheet and s

Debt ratio: 55… Show more Complete the balance sheet and sales information using the following financial data: Debt ratio: 55% Current ratio: 1.8x Total assets turnover: 1.9x Days sales outstanding: 29.5 daysa Gross profit margin on sales: (Sales – Cost of goods sold)/Sales = 40% Inventory turnover ratio: 7x aCalculation is based on a 365-day year. Round your answer to the nearest cent. Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet Cash $ Accounts payable $ Accounts receivable $ Long-term debt 157,500 Inventories $ Common stock $ Fixed assets $ Retained earnings 210,000 Total assets $750,000 Total liabilities and equity $ Sales $ Cost of goods sold $ • Show less

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