Complete the balance sheet and sales information in the table that follows for Isberg Industries using the following financial data: Debt ratio: 50% Quick ratio: 0.80x Balance Sheet DuPont Analysis Total assets turnover: 1.5x Days sales outstanding: 36.0 days Gross profit margin on sales: (Sales Cost of goods sold)/Sales 25% Inventory turnover ratio: 5.0 Balance Sheet ________________________________________________________________________________ Cash Accounts _______ receivable Inventories ______ Fixed assets ________ Total assets 300,000 Sales __________ Accounts payable ______ Long-term debt $60,000 Common stock _____ Retained earnings $97,500 Total liabilities and equity _______ Cost of goods sold ______
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Debt ratio: 50%
Quick ratio: 0.80x
Balance Sheet DuPont Analysis Total assets turnover: 1.5x
Days sales outstanding: 36.0 days
Gross profit margin on sales: (Sales Cost of goods sold)/Sales 25%
Inventory turnover ratio: 5.0
Balance Sheet
________________________________________________________________________________
Cash Accounts _______
receivable Inventories ______
Fixed assets ________
Total assets 300,000
Sales __________
Accounts payable ______
Long-term debt $60,000
Common stock _____
Total liabilities and equity _______
Cost of goods sold ______
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