Complete problem: Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for XYZ, Inc., using the following financial data: Show your work. Total assets turnover: 1.5 Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 40% Quick ratio: 0.80 Days sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.75 Partial Income Statement Information Sales Costs of goods sold Balance Sheet Information Cash Accounts payable Accounts receivable Long-term debt 50,000 Inventories Common Stock Fixed Assets Retained earnings 100,000 Total Assets $400,000 Total liabilities and equity