(Solved): Complete the balance sheet and sales information using the following financial data: Total assets t ...

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: 1.6×
Days sales outstanding: 36.5 days^a
Inventory turnover ratio: 3.75×
Fixed assets turnover: 3.0×
Current ratio: 2.5×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30%
^aCalculation is based on a 365-day year.

Do not round intermediate calculations. Round your answers to the nearest dollar.

Balance Sheet
Cash	$		Current liabilities	$
Accounts receivable			Long-term debt	40,500
Inventories			Common stock
Fixed assets			Retained earnings	67,500
Total assets	$270,000		Total liabilities and equity	$
Sales	$		Cost of goods sold	$

11. Problem \( 4.22 \) (Balance Sheet Analysis) Complete the balance sheet and sales information using the following financial data: Total assets turnover: \( 1.6 \times \) Days sales outstanding: \( 36.5 \) days Inventory turnover ratio: \( 3.75 \times \) Fixed assets turnover: \( 3.0 x \) Current ratio: \( 2.5 \times \) Gross profit margin on sales: (Sales - Cost of goods sold)/Sales \( =30 \% \) \( { }^{\circ} \) Calculation is based on a 365 -day year. Do not round intermediate calculations. Round your answers to the nearest dollar.