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 good sold                                 ____40%sales__



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






Jun 09, 2022
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