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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 36.5 days Inventory turnover ratio: 4x

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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 36.5 days Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 30% aCalculation is based on a 365-day year. Do not round Intermediate calculations. Round your answers to the nearest dollar Balance Sheet Cash $ $ Current liabilities 78,000 Accounts receivable Long-term debt Inventories Common stock Fixed assets Retained earnings 136,500 $ Total assets $390,000 Total liabilities and equity Sales $ Cost of goods sold

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