BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 33 daysa Inventory turnover ratio: 5x Fixed assets turnover: 3.5x Current ratio: 1.7x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% a 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 Accounts receivable Long-term debt 56,250 Inventories Common stock Fixed assets Retained earnings 67,500 Total assets $225,000 Total liabilities and equity II A Sales Cost of goods sold