Complete the balance sheet and sales information using the following financial data: Balance sheet Cash ________ Current liabilities _________ Accounts Receivable ________ Long-term debt 120,000...



  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 goods sold                          _________



Current ratio: 2.o X


Fixed assets turnover: 3.0 X


Inventory turnover: 3.0 X


Days sales outstanding: 36.5 days


Total assets turnover: 1.5 X


COGS: 30%



Jun 02, 2022
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