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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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