Complete the balance sheet and sales information in the table that follows for Hoffmeister Industries using the following financial data:

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Debt ratio: 50% Quick ratio: 0.80x Total assets turnover: 1.5x Days sales outstanding: 36.5 daysª Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Inventory turnover ratio: 5x "Calculation is based on a 365-day year. Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets Sales $300,000 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold 60,000 97,500