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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1% Days sales outstanding: 73.0 days Inventory turnover ratio: 4.25x

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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1% Days sales outstanding: 73.0 days Inventory turnover ratio: 4.25x Fixed assets turnover: 3.0x Current ratio: 2.0% Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Calculation is based on a 365-day year. Do not found intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt Inventories Common stock Fixed assets Retained earnings Total assets $420,000 Total liabilities and equity Sales Cost of goods sold 105,000 105,000 $

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