BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5x Days sales outstanding: 40 days Inventory turnover ratio: 6x Fixed assets turnover: 3x Current ratio: 2.3% Gross profit margin on sales: (Sales - Cost of goods sold/Sales - 25% 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 50,000 Inventories Common stock Fixed assets Retained earnings 60,000 Total assets $200,000 Total liabilities and equity $ Sales Cost of goods sold