Inventory turnover use cost of goods sold

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Reference no: EM131351627

Round answers to nearest $1000

Please tell me what numbers are what

Complete the balance sheet (fill in the blanks) for pas Industries, Inc. using the following financial data:

Sales (all credit) $38,400

Current ratio 2.0x

Days Sales Outstanding (DSO) 46.88 days

Inventory turnover 19.2x

Total asset turnover 1.2x

Fixed asset turnover 1.92x

Debt ratio 37.5%

Return on total assets 9.6%

Return on equity 15.36%

Profit margin 8.0%

Pas Industries, Inc. Balance Sheet

Assets Liabilities

Cash Accounts payable

Accounts receivable Notes payable $3,000

Inventory Total current liabilities

Total current assets Long-term debt (at 8%)

Fixed assets Common stock

Retained earnings $10,000

Total assets Total Liabilities and equity

Reference no: EM131351627

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