Ch 04: End-of-Chapter Problems - Analysis of Financial Statements Click here to read the eBook: Profitability Ratios Problem Walk-Through BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.6x Days sales outstanding: 34 daysa Inventory turnover ratio: 6x Fixed assets turnover: 3.5x Current ratio: 1.8x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% 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 81,250 Inventories Common stock Fixed assets Retained earnings 81,250 Total assets $325,000 Total liabilities and equity Sales Cost of goods sold