$1$ BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using th following financial data:

Debt ratio: $50\%$

Current ratio: $1\mathrm{.}8x$

Total assets turnover: $1\mathrm{.}5x$

Days sales outstanding: $36\mathrm{.}5$ days ${?}^a$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)\frac{?}{?}$ Sales $=25\%$

Inventory turnover ratio: $5x$

Balance Sheet

$\backslash$table$[[$Cash$,2x,$Accounts payable,$],[$Accounts receivable,,Long$-$term debt,$60,000],[$Inventories$,,$Common stock,$],[$Fixed assets,,Retained earnings,$97,500],[$Total assets,$$300,000,$Total liabilities and equity,$],[$Sales$,,$Cost of goods sold,$]]$