Complete the balance sheet and sales information in the table that follows for Hoffmeister Industries using the following financial data Debt ratio: 50% Quick ratio: 0.80 Total assets turnover: 1.5 Days sales outstanding: 36.5 daysa Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 25% Inventory turnover ratio: 5 Calculation is based on a 365-day year Accounts payable 60,000 Long-term debt Common stock 97,500 Retained earnings Cash Accounts receivable Inventories Fixed assets Total liabilities and equity $300,000 Total assets Sales? Cost of goods sold