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Complete the balance sheet for General Aviation,Inc.based on the following financial data.
Balance Sheet
General Aviation,Inc.
December 31,2019 Key Financial Data (2019)
1.Sales totaled $720,000.
2.The gross profit margin was 38.7 percent.
3.Inventory turned 6 times.
4.There are 360 days in a year.
5.The average collection period was 31 days.
6.The current ratio was 2.35.
7.The total asset turnover was 2.81.
8.The debt ratio was 49.4 percent.
9.Total current assets equal $159,565.
Lack
The state of being without or not having enough of something.
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Involves the use of natural drugs to treat patients.
Palliative Medicine
A branch of medicine focused on relieving pain, symptoms, and stress of serious illness, aiming to improve quality of life for patients and their families.
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A therapeutic approach to healing that involves a hands-on manipulation of bones in the spinal column to relieve pressure on nerves.
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