BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.6x Days sales outstanding: 39.5 days Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2.2x Gross profit margin on sales: (Sales - Cost of goods sold/Sales - 30% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities 37,500 Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity 87,500 $ $250,000 $ Cost of goods sold Sales