13. Problem 4.22 Click here to read the eBook: Ratio Analysis Click here to read the eBook: Liquidity Ratios Click here to read the eBook: Asset Management Ratios Click here to read the eBook: Profitability Ratios Problem Wallk-Through BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 39 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 1.8x Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 35% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent Balance Sheet Current liabilities Cash Accounts receivable Long-term debt 48,750 Common stock. Inventories Retained earnings Fixed assets 113,750 Total liabilities and equity Total assets $325,000 $ $ Cost of goods sold Sales Grade It Now Save & Continue Continue without saving 13. Problem 4.22 Click here to read the eBook: Ratio Analysis Click here to read the eBook: Liquidity Ratios Click here to read the eBook: Asset Management Ratios Click here to read the eBook: Profitability Ratios Problem Wallk-Through BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 39 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 1.8x Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 35% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent Balance Sheet Current liabilities Cash Accounts receivable Long-term debt 48,750 Common stock. Inventories Retained earnings Fixed assets 113,750 Total liabilities and equity Total assets $325,000 $ $ Cost of goods sold Sales Grade It Now Save & Continue Continue without saving