4.22 Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1 Days sales outstanding: 73.0 days^a Inventory turnover ratio: 5 Fixed assets turnover: 2.5 Current ratio: 2.0 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% ^aCalculation is based on a 365-day year.

Do not round intermediate calculations. Round your answers to the nearest dollar.

Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 45,000 Inventories Common stock Fixed assets Retained earnings 105,000 Total assets $300,000 Total liabilities and equity Sales Cost of goods sold