BALANCE SHEET ANALYSIS

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 33.5 days^a Inventory turnover ratio: 7x 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 debt	68,750
Inventories	____		Common stock
Fixed assets	____		Retained earnings	68,750
Total assets	$275,000		Total liabilities and equity	$ ___
Sales	$ ___		Cost of goods sold	$ ___