$4-22.$

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

Days sales outstanding: $36\mathrm{.}5$ days $*$

Total Assets Turnover: $1\mathrm{.}5x$

Inventory turnover ratio: $3\mathrm{.}75x$

Fixed asset turnover $3\mathrm{.}0x$

Current ratio: $2\mathrm{.}0x$

Gross profit on sales $($Sales $-$ COGS$)\frac{?}{?}$ Sales $=25\%$

$\backslash$table$[[$Balance Sheet$],[$Cash$,,$Current liabilities,$],[$Accounts receivable,,Long$-$term debt,$60,000],[$Inventories$,,$Common stock,$],[$Fixed assets,,Retained earnings,$97,500],[$Total assets,$$300,{000}_{{?}_{?}}{?}_{?},$Total liabilities and equity,$],[$Sales$,,$Cost of goods sold,$]]$