57 EXAMPLE: Complete the balance sheet and sales data (fill in the blanks) using the following financial data: Debt/equity ratio = 0.80 Acid-test ratio = 1.1 Total assets turnover ratio = 2 Days' sales outstanding in Accounts receivable = 30 days Gross profit margin = 30 percent Inventory turnover ratio = 6 Balance sheet Equity capital 80,000 Plant and equipment Retained earnings 50,000 Inventories Short-term bank borrowings XXXX Accounts receivable Cash XOXOX xxxx xxxx XXXX Sales Cost of goods sold XXXX XXXX