BALANCE SHEET ANALYSIS

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5x Days sales outstanding: 31 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 1.7x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% 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 debt	56,250
Inventories			Common stock
Fixed assets			Retained earnings	78,750
Total assets	$225,000		Total liabilities and equity	$
Sales	$		Cost of goods sold	$