Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 42.5 daysa Inventory turnover ratio: 7x Fixed assets turnover: 2.5x Current ratio: 1.7x 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 answer to the nearest cent.

Cash ___________ Current Liabilities ___________

Account Rec. ____________ Longterm debt 87,500

Inventories _____________ Common Stock ____________

Fixed Assets _____________ Retained Earnings 122,500

Total Assets 350,000 Total Liabilities and Equity ______________

Sales ___________ Cost of Goods Sold ______________