Business, 15.07.2020 01:01, dudedude1593

Complete the balance sheets and sales information in the following table, using the following financial data: Total assets turnover: 2.0 Gross profit margin on sales: 75% Total liabilities-to-assets ratio: 80% Quick ratio: 1.083333333 Days’ sales outstanding (based on 365-day year): 82.125 Inventory turnover ratio: 3.333333333 Partial income statement information Sales: Cost of goods sold: Balance sheets information: Cash Accounts payable Accounts receivable Long-term debt $200,000 Inventories Common stocks Fixed assets Retained earnings $120,000 Total assets $1,000,000 Total liabilities & equity

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Complete the balance sheets and sales information in the following table, using the following financ...