BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 39.5 days Inventory tumover ratio: 6x Fixed assets turnover: 3x Current ratio: 2.3x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% *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 48,750 Inventories Common stock Fixed assets Retained earnings 97,500 Total assets $325,000 Total liabilities and equity $ Sales $ Cost of goods sold $ Grade it Now Save & Continue Continue without saving 28 w A 4 5 8 W E R. T Y 0 P. S D F G . J K C B N