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 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 1.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales 30% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash $ $ 65,000 Accounts receivable Inventories Fixed assets Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold 97,500 Total assets $325,000 $ Sales $ $