BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 35 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 1.5x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales = 20% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Shee Cash Current liabilities Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity 48,750 81,250 $325,000 Sales Cost of goods sold