BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5x Days sales outstanding: 36.5 daysa Inventory turnover ratio: 5 Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sal es-25% Calculation is based on a 365-day year. Balance Sheet Cash Accounts Receivable Inventories Current Liabilities Long-term debt 60,000 Common Stock 97,500 Fixed Assets Total Assets Sales Retained earnings Total Liab & Equity Cost of goods sold 300,000