BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 38 daysa Inventory turnover ratio: 7x Fixed assets turnover: 2.5x Current ratio: 2.4x 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 56104.7 48750 Accounts receivable Long-term debt 45,000 28109.6 Inventories 32785.71e3 Common stock 63750 Fixed assets 67,500 Retained earning:s Total liabilities and equity $ Cost of goods sold 108000 Total assets $225,000 225000 Sales 270000 229500