Balance sheet Cash Current liability Accounts receivable Long-term debt 120,000 Inventories Common stock Fixed assets Retained earnings 195,000 Total assets $ 600,000 Total liabilities and equity...

Balance sheet

Cash                                                                              Current liability

Accounts receivable                                                  Long-term debt                     120,000

Inventories                                                                  Common stock

Fixed assets                                                                 Retained earnings                  195,000

Total assets           $ 600,000                                     Total liabilities and equity

Sales                                                                             Cost of good sold

Current ratio:2.00  X

Fixed assets turnover 3.00 X

Inventory turnover 5.00 X

Days sales outstanding 36.5 days

Total assets turnover 1.5 X

Gross profit margin on sales: = 30%