1) Complete the balance sheet and sales data (fill in the blanks), using the following financial data: Debtet worth Acid test ratio Asset turnover Day sales outstanding in accounts receivable Gross profit margin Inventory turnover 60% 1.2 1.5 times 40 days 30% 6 times Balance sheet Cash Accounts receivable Inventories Plant & equipment (8 marks) (8 marks) (8 marks) (8 marks) Accounts payable Common stock RM15,000 Retained earnings RM22,000 (8 marks) Total assets (8 marks) Total labilities & capital (8 marks) Sales Cost of goods sold (8 marks) (8 marks)