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Problem

I need to know how to figure out:

1. Sales
2. Accounts receivables
3. Inventories
4. Fixed assets accounts payable common stock
5. cost of goods sold

based on the following information:

Debt ratio: 50%
quick ration: 0.80%
Total assets turnover: 1.5x
Days sales outstanding: 36.5 days
gross profit margin on sales: (sales-cost of goods sold)Sales=25%
Inventory turnover ration: 5x

Solution Preview

Hello!

Actually I have been trying to figure out the solution as a challenge. You can NEVER calculate any of the amounts unless you are given at least 2 amounts from the Income Statement and Balance Sheet items. I have researched the internet & I found a problem that is similar to the one you have posted, but it has all additional ...

$2.19