Complete the balance sheet and sales

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Question 1: Complete the balance sheet and sales information using the following financial data:

Total assets turnover: 1.1x

Days sales outstanding: 73.0 days

Inventory turnover ratio: 5x

Fixed assets turnover: 2.5x

Current ratio: 2.0x

Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20%

Calculation is based on a 365-day year.

 

Reference no: EM132475222

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