BALANCE SHEET ANALYSIS

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 31.5 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 2.2x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% 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	56,250
Inventories			Common stock
Fixed assets			Retained earnings	112,500
Total assets	$375,000		Total liabilities and equity	$
Sales	$		Cost of goods sold	$