BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 40 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3x Current ratio: 2.2x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% 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 70,000 Inventories Common stock Fixed assets Retained earnings Total liabilities and equity 105,000 $ Total assets $350,000 Sales Cost of goods sold $