BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x

Days sales outstanding: 42 days

Inventory turnover ratio: 3x

Fixed assets turnover: 3.5x

Current ratio: 1.8x

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 answer to the nearest cent. Balance Sheet

Cash $ = Current liabilities=

$ Accounts receivable= Long-term debt 70,000

Inventories = Common stock =

Fixed assets 120,000 Retained earnings 87,500

Total assets $350,000 Total liabilities and equity $ 350,000

Sales $ 420,000 Cost of goods sold $=