Inventory turnover use cost of goods sold
Round answers to nearest $1000
Please tell me what numbers are what
Complete the balance sheet (fill in the blanks) for pas Industries, Inc. using the following financial data:
Sales (all credit) $38,400
Current ratio 2.0x
Days Sales Outstanding (DSO) 46.88 days
Inventory turnover 19.2x
Total asset turnover 1.2x
Fixed asset turnover 1.92x
Debt ratio 37.5%
Return on total assets 9.6%
Return on equity 15.36%
Profit margin 8.0%
Pas Industries, Inc. Balance Sheet
Assets Liabilities
Cash Accounts payable
Accounts receivable Notes payable $3,000
Inventory Total current liabilities
Total current assets Long-term debt (at 8%)
Fixed assets Common stock
Retained earnings $10,000
Total assets Total Liabilities and equity