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    Balance Sheet Analysis financial data

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    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 __________

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    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.