Question

Total assets turnover: 1.5

Gross profit margin on sales: Sales − Cost of goods sold Sales 25%

Total liabilities-to-assets ratio: 40%

Quick ratio: 0.80

Days’ sales outstanding (based on 365-day year): 36.5 days

Inventory turnover ratio: 3.75

 

Partial Income
Sales
Information
Cost of goods sold
Balance Sheet
Information
Balance Sheet
Cash
Accounts payable
Long-term debt
Accounts receivable
50,000
Inventories
Common stock
Fixed assets
100,000
Retained earnings
Total liabilities and equity
Total assets
$400,000
Expand
Transcribed Image Text

Partial Income Sales Information Cost of goods sold Balance Sheet Information Balance Sheet Cash Accounts payable Long-term debt Accounts receivable 50,000 Inventories Common stock Fixed assets 100,000 Retained earnings Total liabilities and equity Total assets $400,000

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Accounting Ratio Analysis

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