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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 39.5 days Inventory turnover ratio: 4x

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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 39.5 days Inventory turnover ratio: 4x Fixed assets turnover: 3.5x Current ratio: 2.3x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 35% Calculation 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 87,500 Inventories Common stock X Fixed assets Retained earnings 105,000 Total assets $350,000 Total liabilities and equity 350000 Sales Cost of goods sold $

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