BALANCE SHEET ANALYSIS

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: 1.2x

Days sales outstanding: 31.5 daysa

Inventory turnover ratio: 5x

Fixed assets turnover: 3.5x

Current ratio: 1.6x

Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25%

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 debt33750

Inventories? Common stock?

Fixed assets? Retained earnings56,250

Total assets$225,000 Total liabilities and equity$?

Sales$? Cost of goods sold$?