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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 35.5 days a Inventory turnover ratio:

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 35.5 daysa Inventory turnover ratio: 3x Fixed assets turnover: 3.5x Current ratio: 1.8x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% 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 70,000
Inventories Common stock
Fixed assets Retained earnings 105,000
Total assets $350,000 Total liabilities and equity $
Sales $ Cost of goods sold $

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