Using the information below, fill in the gaps in the financial statement date for the Stapler Corporation: Total assets turnover: 1.5 Days sales outstanding: 36.5 days* * Calculation is based on a 365-day year. Inventory turnover ratio: 5 Fixed asset turnover = 3.0 Current ratio: 2.0 Gross profit margin: = Gross profit / Sales = (Sales – COGS) / Sales = 25% Cash ____________ Accounts payable ____________ Accounts receivable ____________ Long-term debt $60,000 Inventory ____________ Common stock ____________ Fixed assets ____________ Retained earnings $97,500 Total Assets $300,000 Total L&E ____________ Sales ____________ Cost of goods sold ____________
- Using the information below, fill in the gaps in the financial statement date for the Stapler Corporation:
Total assets turnover: 1.5
Days sales outstanding: 36.5 days* * Calculation is based on a 365-day year.
Inventory turnover ratio: 5
Fixed asset turnover = 3.0
Current ratio: 2.0
Gross profit margin: = Gross profit / Sales = (Sales – COGS) / Sales = 25%
Cash ____________ Accounts payable ____________
Accounts receivable ____________ Long-term debt $60,000
Inventory ____________ Common stock ____________
Fixed assets ____________
Total Assets $300,000 Total L&E ____________
Sales ____________ Cost of goods sold ____________
Trending now
This is a popular solution!
Step by step
Solved in 9 steps with 9 images
