1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120,000 Inventories Common stock Total...

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1. Complete the balance sheet and sales information using the following financial data:<br>Balance sheet<br>Cash<br>Current liabilities<br>Accounts Receivable<br>Long-term debt<br>120,000<br>Inventories<br>Common stock<br>Total assets<br>$600,000<br>Retained earnings<br>195,000<br>Total liabilities and equity<br>Sales<br>Cost of good sold<br>_40%sales_<br>Current ratio: 2.0 X<br>Fixed assets turnover: 3.0 X<br>Inventory turnover: 3.0 X<br>Days sales outstanding: 36.5 days<br>Total assets turnover: 1.5 X<br>

Extracted text: 1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120,000 Inventories Common stock Total assets $600,000 Retained earnings 195,000 Total liabilities and equity Sales Cost of good sold _40%sales_ Current ratio: 2.0 X Fixed assets turnover: 3.0 X Inventory turnover: 3.0 X Days sales outstanding: 36.5 days Total assets turnover: 1.5 X

Jun 11, 2022

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1. Complete the balance sheet and sales information using the following financial data: Balance sheet Cash Current liabilities Accounts Receivable Long-term debt 120,000 Inventories Common stock Total...

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