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Balance Sheet Analysis financial data

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

Debt Ratio: 50%
Current ratio:1.8x
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 ratio:5x

Calculation is bases ona 365-day year.

Balance Sheet

Cash ____________ Acount payable _____________

Accounts receivable ________________ Long-term debt $60,000

Inventories _____________ Common Stock _______________

Fixed assets_____________ Retained earnings $97,500

Total Assets $300,000 Total liabilities and equity________

Sales ______________ Cost of goods sold __________

Solution Summary

Different ratios are calculated to complete balance sheet and sales information.Word file contains formulas and calculation and completed balance sheet and sales information.