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Pulaski Technical College Operations And Supply Chain Management Assignment Help - ratio equations

Question - (3-11) Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover: 1.5 Gross profit margin on sales: (Sales %u2013 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 Statement Information Calculations Sales 600,000 Cost of goods sold 450,000 Sale s Total Asset Turnover ratio = Sales/Total Assets Balance Sheet 1.5 = Sales/400,000 Cash _______ Accounts ...Read More

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