Balance Sheet 7-14 Complete the balance sheet and sales information in the table that follows for Isberg Industries using the following financial data: Debt ratio: 50% Quick ratio: 0.80x Total assets turnover: 1.5x Days sales outstanding: 36.0 days Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 25% Inventory turnover ratio: 5.0% Balance Sheet $60,000 Cash Accounts receivable Inventories Fixed assets Total assets Sales Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold $97,500 $300,000