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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 35.5 daysa Inventory turnover ratio: 6x

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 35.5 daysa Inventory turnover ratio: 6x Fixed assets turnover: 2.5x Current ratio: 2.3x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest cent. Balance Sheet Cash $ Current liabilities $ Accounts receivable Long-term debt 62,500 Inventories Common stock Fixed assets Retained earnings 87,500 Total assets $250,000 Total liabilities and equity $ Sales $ Cost of goods sold $

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