Complete the balance sheet and sales information in the table for Esther Industries using the following financial data.

Total Assets Turnover: 3.5

Gross profit margin on sales: = 30%

Debt ratio: 40%

Quick ratio: 0.85

Days sales outstanding (based on 365-day year): 15 days

Inventory turnover ratio: 6

Partial Income Statement Information

Sales _______

Cost of goods sold $12,801,250

Balance Sheet

Cash _______ Accounts payable $2,446,250

Accounts receivable _______ Long-term debt ________

Inventories _______ Common stock $641,250

Fixed assets _______ Retained earnings ________

Total assets _______ Total liabilities and equity ______