Complete the balance sheet accounts using the following financial data:


Question Description:

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Debt ratio: 50%Current ratio:2Total assets turnover: 1.21666667Days sales outstanding: 36.5Gross profit margin on sales : 25%Inventory turnover ratio: 3.33333Total assets=$600,000 Find the following:Cash_________________AccountsReceivable___________Inventory_____________Fixed Assets (Net)___________________Accounts payable________________Long-term debt $120,000Common stock $120,000Retained Earnings $180,000

Answer

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